Research has shown that poor money management spills over into illness, depression and other problems. But where do these financial behaviors come from? How can we change them? A new study at The University of Arizona, led by Soyeon Shim and her colleagues, hopes to answer these questions and more.Just through its first year, the Arizona Pathways to Life Success for University Students (APLUS) study already offers promising data for how, as a culture, we can begin tomove toward healthier personal finances.
Preliminary findings from the study show thatparents are poised to be the true heroes when it comes to better money management.APLUS researchers found that parents have more influence over their children'sfinancial knowledge, attitudes and behaviors than work experience and high schoolfinancial education combined.
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