Authors :
Bainy George
Volume/Issue :
Volume 11 - 2026, Issue 3 - March
Google Scholar :
https://tinyurl.com/5n8vy2wp
Scribd :
https://tinyurl.com/42wr5awm
DOI :
https://doi.org/10.38124/ijisrt/26mar414
Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.
Abstract :
Financial socialization is an important process by which individuals, particularly children, learn about money, its
management, and the skills needed for various financial activities such as budgeting, banking, and using credit cards.
Interestingly, the roles in this learning process reverse when children influence their parents. This influence can lead to a
shift in perspective and behaviour, as children help parents navigate modern financial practices. This generational divide
shows the importance of financial socialization in helping individuals bridge the gap between traditional and modern
financial practices. The older generation, despite their initial resistance, can benefit from the guidance and influence of their
younger counterparts, who are more attuned to the digital and consumer-driven world.
Keywords :
Financial Socialization, Fintech, Reverse Socialization.
References :
- Ameer,R.,& Khan,R. (2020). Financial socialization, financial literacy, and financial behavior of adults in New Zealand. Journal of Financial Counseling and Planning.
- Bodkin,C.D., Peters,C.,& Amato,C. (2013). An exploratory investigation of secondary socialization: How adult children teach their parents to use technology. International Journal of Business.
- Gudmunson, C. G., & Danes, S. M. (2011). Family financial socialization: Theory and critical review. Journal of Family and Economic Issues, 32(4), 644–667. https://doi.org/10.1007/s10834-011-9275-y
- Hanson,T., & Olson, P. (2018).Financial literacy and family communication patterns . Journal of Behavioral and Experimental Finance.
- Sundar,H.,& Vijayan,V. (2018 ). Study on the role of kids in parental adoption of mobile technologies strategic study from the reverse socialization perspective . International Journal of Management and Applied Science.
Financial socialization is an important process by which individuals, particularly children, learn about money, its
management, and the skills needed for various financial activities such as budgeting, banking, and using credit cards.
Interestingly, the roles in this learning process reverse when children influence their parents. This influence can lead to a
shift in perspective and behaviour, as children help parents navigate modern financial practices. This generational divide
shows the importance of financial socialization in helping individuals bridge the gap between traditional and modern
financial practices. The older generation, despite their initial resistance, can benefit from the guidance and influence of their
younger counterparts, who are more attuned to the digital and consumer-driven world.
Keywords :
Financial Socialization, Fintech, Reverse Socialization.
