Leaving the Financial Nest: Connecting Young Adults’ Financial Independence to Financial Security

• DOI: 10.31235/osf.io/t6ar5
• Publication Date: 2018-07-02T11:36:46Z
• Authors: Megan Doherty Bea; Youngmin Yi
• Keywords: Financial independence; Independence

Objective: This study examines variation in young adults’ transitions to financial independence and the relationship between these security. Background: Individuals on their families for substantial support well into early adulthood, even as adults perceive a key marker of adulthood. Given known adulthood unequal exposure precariousness across social groups, authors ask whether heterogeneity emerges with regards timing types received, how differences pathways may matter security later adulthood.Method: The estimate group-based trajectory models four indicators 1,719 from age 18 - 27 using data 2005-2015 Panel Study Income Dynamics (http://psidonline.isr.umich.edu/). These trajectories are then used predicted levels at end period, logistic linear regression analysis. Results: Results show that paths best characterized by trajectories: Consistently Independent (23%), Quickly (41%), Gradually Supported (13%), duration varying substantially trajectories. find experiencing lower familial also report higher insecurity survey. Conclusion: findings suggest patterning transition has implications wellbeing.