Seeking help to improve financial wellbeing
- May 12
- 1 min read
Updated: May 13
In this research study published in the Journal of Financial Education, our team investigated why Millennials are hesitant to seek help to improve their financial wellbeing. We conducted a study to demonstrate how their personal characteristics relate to this hesitancy. We provide recommendations for how organizations can help financial information seekers.
Abstract: Results suggest that financial stress alone is insufficient for students to act; their gender, self-efficacy, issue involvement, subjective knowledge, and grit associate with hesitancy to seek help with finances. Study provides suggestions regarding how universities and employers can help Millennials advance their financial well-being, and in turn enjoy the rewards of a healthier student body or workforce.
Citation: Chan, K.K., Huang, E.J., & Lassu, R.A.* (2017). Understanding financially-stressed
millennials’ hesitancy to seek help: Implications for organizations. Journal of Financial
Education, 43(1), 141-160. (*Authors listed in alphabetical order)
Comments