Parental financial support and family emotional support to young adults during COVID‐19: A help or a hindrance?

The present study focuses on the role of family support to young adult children during COVID‐19 in ameliorating the negative financial impact of the pandemic. Guided by the Conservation of Resources (COR) Theory of stress and coping, we conceptualize the negative financial impact due to COVID‐19 as...

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Publicado en:Family Process Vol. 64; no. 1; pp. 1 - 20
Autores principales: Serido, Joyce, Li, Lijun, Vosylis, Rimantas, Vasquez, Katherine, Sorgente, Angela, Lep, Žan, Fonseca, Gabriela, Crespo, Carla, Relvas, Ana Paula, Zupančič, Maja, Lanz, Margherita
Formato: research tables/charts Journal Article
Publicado: Wiley-Blackwell Mar2025
Acceso en línea:Ver este registro en EBSCOhost
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      dt: Mar2025
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      pub: Wiley-Blackwell
      place: Malden, Massachusetts
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        10.1111/famp.13040
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        atl: Parental financial support and family emotional support to young adults during COVID‐19: A help or a hindrance?
      aug:
        au:
          Serido, Joyce
          Li, Lijun
          Vosylis, Rimantas
          Vasquez, Katherine
          Sorgente, Angela
          Lep, Žan
          Fonseca, Gabriela
          Crespo, Carla
          Relvas, Ana Paula
          Zupančič, Maja
          Lanz, Margherita
        affil: Department of Family Social Science, University of Minnesota – Twin Cities, St. Paul Minnesota,, USA
      sug:
        subj:
          COVID-19 Psychosocial Factors
          Adult Children Psychosocial Factors
          Parents
          Support, Psychosocial In Adolescence
          Financial Support
          Family Support
          Parent-Child Relations
          Financial Stress Prevention and Control
          Human
          Male
          Female
          Adolescence
          Adult
          Multicenter Studies
          Cross Sectional Studies
          Convenience Sample
          Descriptive Statistics
          Funding Source
          Family Role
          Path Analysis
          Parental Role
          Psychological Well-Being
          Adolescent: 13-18 years
          Adult: 19-44 years
          Male
          Female
      ab: The present study focuses on the role of family support to young adult children during COVID‐19 in ameliorating the negative financial impact of the pandemic. Guided by the Conservation of Resources (COR) Theory of stress and coping, we conceptualize the negative financial impact due to COVID‐19 as a source of financial stress that would be associated with lower levels of both financial wellbeing and positive outlook of young adults. We rely on data collected from a multinational sample of young adults (ages 18–30) from six countries (China, Italy, Lithuania, Portugal, Slovenia, US; N = 2102) over a 3‐month period (July 2020–September 2020). We tested the potential effects of two types of support (i.e., parental financial support and family emotional support) using path analysis. While we find a consistent positive association between family emotional support and both financial wellbeing and positive outlook, we also find a consistent negative association between parental financial support and financial wellbeing, and a nonsignificant or negative association (Lithuania only) with a positive outlook. The significant interaction between COVID‐19 financial impact and family emotional support on young adults' positive outlook reveals that the benefit of family emotional support is more evident when the negative financial impact is low or moderate. We discuss the implications of these findings in assisting young adults to cope with financial disruptions.
      pubtype: Academic Journal
      doctype:
        research
        tables/charts
        Journal Article
      ougenre: Article
    language: English
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