Finance

Grandparent

Physics

Sociology

Business

Qualitative research

Sample (material)

Social science

Developmental psychology

Political science

Psychology

Socialization

Chemistry

Kindness

Quantum mechanics

Chromatography

Phenomenon

Social psychology

Journal of Family and Economic Issues

Previous research has found that family socialization influences financial giving behaviors and that financial giving predicts personal wellbeing. However, little research since the early 1980 s has explored this phenomenon, and virtually none of the research has been qualitative in nature. As part of the Whats and Hows of Family Financial Socialization project, this study employs a diverse, multi-site, multigenerational sample (N = 115) to qualitatively explore the following research question: how do children learn about financial giving from their parents? In other words, how is financial giving transmitted across generations? From interviews of emerging adults and their parents and grandparents, three core themes emerged: “Charitable Donations,” “Acts of Kindness,” and “Investments in Family.” Various topics, processes, methods, and meanings involved in this socialization are presented, along with implications and potential directions for future research.

The Socialization of Financial Giving: A Multigenerational Exploration