90 lines
3 KiB
YAML
90 lines
3 KiB
YAML
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abstract: 'Financial capability is generally conceptualized as the ability and the
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opportunity to save, borrow, and invest money in the mainstream economy.
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But, many families struggle with finding work, saving money, and
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accessing credit. Thus, it is important to build families'' financial
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capability to enhance their well-being in an economy in which low
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incomes and unstable employment are becoming commonplace and families
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are having to make do with less. In order to better understand how to
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support families'' financial capability, this study elicited perspectives
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on barriers to and enhancers of financial capability through an online
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survey and in-depth interview with 32 parents of kindergarten children
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from a mid-sized, Midwestern city. Some parents identified raising young
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children as a barrier to aspects of their financial capability, and to
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care for their children many parents were making tradeoffs between
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working, paying for childcare, and related money management matters.
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Parents'' also reported barriers to finding paid work, earning adequate
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and stable income, and saving money. In addition to children
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transitioning to adulthood, some parents believed that having better
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employment opportunities, earning more income, better money management
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strategies, lower health insurance premiums, and completing higher
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education might enhance their financial capability. Theory, and policy
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considerations are discussed, and emphasize incorporating
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income-generating work in conceptualizing financial capability, and
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opportunities to support families with young children by creating steady
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well-paying secure jobs, providing universal low- or no cost childcare,
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and shoring up safety net programs.'
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affiliation: 'Banerjee, MM (Corresponding Author), Univ Kansas, Sch Social Welf, 121
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Twente Hall,1545 Lilac Lane, Lawrence, KS 66045 USA.
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Banerjee, Mahasweta M.; Friedline, Terri, Univ Kansas, Sch Social Welf, 121 Twente
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Hall,1545 Lilac Lane, Lawrence, KS 66045 USA.
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Phipps, Barbara J., Univ Kansas, Sch Educ, Curriculum \& Teaching, Lawrence, KS
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66045 USA.'
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author: Banerjee, Mahasweta M. and Friedline, Terri and Phipps, Barbara J.
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author-email: mahaswetab@ku.edu
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author_list:
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- family: Banerjee
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given: Mahasweta M.
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- family: Friedline
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given: Terri
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- family: Phipps
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given: Barbara J.
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da: '2023-09-28'
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doi: 10.1016/j.childyouth.2017.08.009
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eissn: 1873-7765
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files: []
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issn: 0190-7409
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journal: CHILDREN AND YOUTH SERVICES REVIEW
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keywords: Financial capability; Parents; Children; Poverty; Employment
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keywords-plus: SAVINGS; CHILDREN
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language: English
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month: OCT
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number-of-cited-references: '45'
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pages: 178-187
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papis_id: 7fc7e68bab9548dd665d62082c11208c
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ref: Banerjee2017financialcapability
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times-cited: '5'
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title: Financial capability of parents of kindergarteners
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type: Article
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unique-id: WOS:000412616400020
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usage-count-last-180-days: '1'
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usage-count-since-2013: '16'
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volume: '81'
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web-of-science-categories: Family Studies; Social Work
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year: '2017'
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