“…Over the past decade, a growing number of studies on family financial socialization and its outcomes in emerging adulthood have accumulated (e.g., Jorgensen & Savla, 2010 ; Lanz et al, 2020 ; Serido et al, 2010 , 2013 ; Shim et al, 2010 , 2015 ; Sirsch et al, 2019 ). The results have clearly shown that parents continue to financially socialize their children well into emerging adulthood, both explicitly (e.g., through direct teaching, positive reinforcement, coaching, conversations about money) and implicitly (through the quality of parent–child communication, observation of parental behavior, role modeling, family economic enmeshment) (Lanz et al, 2020 ; Shim et al, 2010 , 2015 ; Sirsch et al, 2019 ). Parental anticipatory and concurrent financial socialization thus shapes a range of financial behaviors, attitudes and norms of emerging adults (Gudmunson & Danes, 2011 ; Shim et al, 2010 ; Serido et al, 2010 ; see also LeBaron et al, 2019 for a review).…”