IMPORTANT NOTICE: The date, time, and room assignment of YOUR presentation is SUBJECT TO CHANGE.
Proposal authors can use this tool to see where they have been placed in the program agenda for an Oral or Poster Session.
Scroll down to search by the Submitter or Author Name, by Date/Time, or by Keywords by expanding FILTERS.
Confirm your place in the schedule by following the instructions that were emailed to you. Each presentation must have a separate paid registration. Contact the ACCI office immedicately by email at admin@consumerinterests.org to report any conflict, all corrections to the details of the presentation (including author names and the order they are listed as this is how it will be in the final program), or if you have any questions. Please be sure to reference the session title(s), date(s), and time(s) when you contact us.
E2b How Childhood Family Stability and Structure Shape Adult Financial Outcomes
Short Description
Family instability and alternative family structures have become increasingly common in the United States, raising concerns about long-term financial consequences. Grounded in family systems theory, this study examines the relationship between childhood family structure/stability and adult financial outcomes, specifically total net worth and reliance on public assistance. Using data from the National Longitudinal Survey of Youth 1979 (NLSY79), spanning 1985 to 2022, this study employed correlated random effects (CRE) models to account for unobserved heterogeneity. Results indicate that individuals who lived continuously with both biological parents until age 18 had, on average, about 66% higher net worth and received 9% less public assistance in adulthood. This study contributes uniquely to the literature by looking at both ends of the economic spectrum (i.e., net worth and public assistance). As nontraditional family structures become more prevalent, financial professionals and policymakers must consider these developmental patterns when designing interventions to promote financial security.
Type of presentation
Accepted Oral Presentation