What is it about?
This research explores how the idea of 'overindulging' children may be associated with impulsive buying or lack of restraint when making purchasing decisions as adults. Impulsive buying, in turn, can lead to overuse of credit cards and eventually a pile-up of consumer debt.
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Why is it important?
Children learn about managing money from young ages. Those patterns can last a lifetime. Parents can shape those patterns by being aware of how certain parenting behaviors can contribute to their children's effective or ineffective money management skills as adults.
Read the Original
This page is a summary of: The Link Between Childhood Overindulgence and Adult Financial Behaviors, Journal of Financial Counseling and Planning, January 2016, Springer Publishing Company, DOI: 10.1891/1052-3073.27.1.80.
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