The Effect of Parental Warmth During Adolescence on Later Income and Subjective Well-Being: Comparing Sexual Minority and Heterosexual Young Adults

Derek R. Lawson, Barrett Scroggs, Amber Vennum

Research output: Contribution to journalArticle

Abstract

This study explores the influence of parental warmth during adolescence on financial experiences and well-being across the transition to adulthood. Given the poorer financial outcomes and more complicated parental relationships reported by sexual minorities compared to their sexual majority counterparts, the present study examined the moderating impact of sexual orientation during emerging adulthood. The current study used three waves of data from the National Longitudinal Study of Adolescent eHealth. Groups were categorized as identifying as either heterosexual (n = 4,337) or nonheterosexual (referred to as “sexual minorities,” n = 482), resulting in an overall sample size of (n = 4,819). Using a multiple group structural equation model, results indicated that while mediated by future financial expectations, parental warmth during adolescence positively predicted income and well-being during adulthood in both sexual minority and heterosexual individuals. Significant differences were found between these two groups. Parental warmth was a stronger predictor of later well-being in sexual minority individuals. Implications for practitioners are discussed including the need for further cultural competency related to sexual minority populations.

Original languageEnglish (US)
Pages (from-to)202-212
Number of pages11
JournalJournal of Financial Counseling and Planning
Volume30
Issue number2
DOIs
Publication statusPublished - Nov 1 2019

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All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

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