13Piggy banking to personal banking

Toward a sociocultural mixed methods approach to advance research in financial literacy

Pauline Prevett, Valerie Farnsworth, Afroditi Kalambouka and Xin Shi

DOI: 10.4324/9781003020264-14

Introduction

Personal finance is a pertinent issue for students as they move into adult life. Arnett (2004) states that “across SES groups, the same four criteria for adulthood end up at the top: accept responsibility for your actions, make independent decisions, become more considerate of others, and become financially independent” (p. 67). Drawing on a body of work that spans more than 10 years, this chapter tells the story of an approach we employed to understand the significance of developing financial identities to ...

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