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Can money buy happiness? This question has fascinated economists, scientists, and the imaginations of people like you and me throughout much of human history. But only in the last decade have researchers made headway in this long-awaited answer. Their response? For some, money helps; for others, it doesn’t make much of a difference.[1]
4 Min Read
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A recent study on Chinese emerging adults (aged 18-30 years) in Hong Kong identified how family financial socialization – how children learn about money from their parents – influences financial wellbeing and behaviors in relation to the emerging adults’ gender, culture, socio-economic status, and financial changes during the COVID-19 pandemic.[1] They found that Eastern societies, such as China, differ from Western societies, like the United States, in two key ways: healthy money management and financial enabling. These insights from Hong Kong can not only enrich our understanding, but also allow us to introspect on what we can learn and apply from them.
5 Min Read
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In 2018, a survey from Pew Research Center indicated that religious belief has dwindled in the United States.[1] Yet, debates about religion, religious freedom, and religious practices are in the media, politics, and dinner table conversations. From previous research, we know that religion has a powerful effect on individuals and families for better or for worse,[2] but what relationship does religion have with finances?
4 Min Read
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