Abstract:
The present study focuses on the role of family support to young adult children during COVID-19 in ameliorating the negative financial impact of the pandemic. Guided by the Conservation of Resources (COR) Theory of stress and coping, we conceptualize the negative financial impact due to COVID-19 as a source of financial stress that would be associated with lower levels of both financial wellbeing and positive outlook of young adults. We rely on data collected from a multinational sample of young adults (ages 18-30) from six countries (China, Italy, Lithuania, Portugal, Slovenia, US; N = 2102) over a 3-month period (July 2020-September 2020). We tested the potential effects of two types of support (i.e., parental financial support and family emotional support) using path analysis. While we find a consistent positive association between family emotional support and both financial wellbeing and positive outlook, we also find a consistent negative association between parental financial support and financial wellbeing, and a nonsignificant or negative association (Lithuania only) with a positive outlook. The significant interaction between COVID-19 financial impact and family emotional support on young adults\' positive outlook reveals that the benefit of family emotional support is more evident when the negative financial impact is low or moderate. We discuss the implications of these findings in assisting young adults to cope with financial disruptions.
摘要:
本研究的重点是在COVID-19期间,家庭对成年儿童的支持在减轻大流行的负面财务影响中的作用。在资源保护(COR)压力与应对理论的指导下,我们将COVID-19造成的负面财务影响概念化为财务压力的来源,这将与年轻人的财务状况和积极前景水平降低有关。我们依靠从来自六个国家(中国,意大利,立陶宛,葡萄牙,斯洛文尼亚,美国;N=2102),为期3个月(2020年7月至2020年9月)。我们测试了两种支持的潜在影响(即,父母经济支持和家庭情感支持)使用路径分析。虽然我们发现家庭情感支持与财务状况和积极前景之间存在一致的正相关关系,我们还发现父母的经济支持和经济福祉之间存在一致的负相关关系,以及具有积极前景的非显著或负关联(仅限立陶宛)。COVID-19财务影响与家庭情感支持对青壮年积极前景的显著交互作用表明,当财务负面影响较低或中等时,家庭情感支持的益处更明显。我们讨论了这些发现对帮助年轻人应对财务中断的影响。