Money in the Middle: Adult Children as Their Parents' Emissaries to the World of Personal Finance

Document Type

Grant Proposal

Date Accepted

Spring 2009

Project Description/Abstract

This study focuses on financial literacy and personal financial behavior among elders with limited English proficiency and the role that their children are playing as cultural intermediaries. It seeks to: (1) contribute to the extremely limited body of knowledge on cultural aspects of personal finance; (2) explore the specific financial literacy needs and resources of the Portuguese-speaking community in Southeastern Massachusetts; and (3) investigate the caregiving interaction between bi-cultural children and their parents in the area of personal financial information seeking and decision making.

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