Seeking help to improve financial wellbeing
- May 13
- 1 min read
In this research study presented at the Academy of Business Education/ Financial Education Association Conference, 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. (2015). Understanding millennials’ lack of action to improve their financial health: Implications for educators and employers. Academy of
Business Education/ Financial Education Association 2015 Conference. 24-26 September
2015. San Antonio, TX
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