Allowances: Incidence in the US and Relationship to Financial Capability in Young Adulthood

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  • Published: 07 January 2021
  • Volume 42 , pages 533–544, ( 2021 )

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  • J. Michael Collins   ORCID: orcid.org/0000-0002-2280-2130 1 &
  • Elizabeth Odders-White 1  

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This study describes the use of allowance payments by parents to children in the United States (US) and documents the association between receiving an allowance as a child and financial capability as a young adult. Based on the Panel Study of Income Dynamics, the majority of children in the US ages 6 to 15 receive an allowance in childhood. Allowances are a commonly used strategy by parents across many demographic and socioeconomic groups, with no strong relationship between parental income or education and parents offering an allowance. Young adults who received an allowance as children reported modestly higher levels of financial responsibility, suggesting that allowances for children and teenagers may be a useful complement to other financial development strategies for young people.

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There is a high correlation between parents conditioning allowance on chores, schoolwork, and behavior. Estimating each question item separately results in similar findings. These items were not asked for children under age 10.

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White families had about double the mean income of Black families in the 2002 CDS.

The TA study was initiated in 2005 with CDS respondents age 18 of age or older. Subsequently, the TA was conducted in 2007, 2009, and 2011, until 2015 when the youngest individuals in CDS reached age 18.

If an experiment simply reminded parents to provide an allowance, but did not provide the funds for an allowance, it might be feasible to conduct a study among otherwise non-allowance providing households. If a study actually provides the allowance, however, then the allowance could have an income effect for the household, making the interpretation of the results specific to allowance unclear.

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Collins, J.M., Odders-White, E. Allowances: Incidence in the US and Relationship to Financial Capability in Young Adulthood. J Fam Econ Iss 42 , 533–544 (2021). https://doi.org/10.1007/s10834-020-09748-y

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... The socioeconomic status is linked to academic achievement favorably yet weakly (White, 1982) Sexual orientation and financial status are the indicators of scholarly accomplishments of the students (Alade, Mwadingwe & Victor, 2014). ...

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Daily allowances do not significantly affect students' determination in studies or academic performance based on the study conducted at Jagobiao National High School.

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students allowance research paper

Moneva Jerald Jagobiao National High School, Cebu City Philippines

Tuñacao Marijune Jagobiao National High School, Cebu City Philippines

corresponding author

Published by IRA Academico Research, a publisher member of the Publishers International Linking Association, Inc. (Crossref), USA.

This paper is reviewed in accordance with the Peer Review Program of IRA Academico Research

Students' Level of Financial Support Satisfaction Towards Their Daily Allowance

The purpose of this study is to determine the association on the students' level of financial support satisfaction and their daily allowance. The study used a quantitative approach-descriptive correlation using a self-made questionnaire that was answered by the senior high school student. The questionnaire mainly indicates the different ranges of school allowances and factors that influence the students' satisfaction. The weighted mean was used for computing the mean of the level of financial support satisfaction that students feel towards their daily allowance. It used the chi-square (x²) showing a significant association between students' financial support satisfaction and school allowance. Students' financial support satisfaction depends on the level of their daily allowance. Most of the students have the ranges forty-one to fifty pesos as their daily allowance. With this, students are satisfied with their daily school allowances. The students seem to have a peaceful mind in their financial life because of meeting financial obligations with fewer debts and liabilities. A student who manages well a financial resource leads to lesser debts and liabilities which tend to increase the level of financial support satisfaction. Furthermore, a financial support satisfied student is more confident, tolerant and less prone to stress for having improved individual well-being. In order to enhance budgeting skills and increased level of financial support satisfaction, this study suggests exploring more on the students who are making debts at an early age.

The published works in  Journal  except the content of the website are licensed under a  Creative Commons Attribution-NonCommercial 4.0 International License .

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students allowance research paper

Money Management: Students' Budgeting Behavior

  • John Lenard Arcangel

INTRODUCTION

Financial management is a discipline that everyone must have regardless of status. The purpose of this study was to explore how students manage their allowance. This study was made to identify their budgeting behavior and if they use what they have learned through their business finance. Budgeting is a task that everyone must do to be able to check and assess their spending and how they spend their money. Students in their early years have a limited income in the form of their allowances that was why student behavior on budgeting was a critical part to study.

A thematic approach was used to gather data using validated interview questions that were given to the respondents. The thematic approach allowed the researcher to develop a deeper understanding and appreciation to the respondents. The questions are given thematically one t another to see the consistency of the respondent respond. The researcher recorded the interview to be able to store and review the respondent's response as is and follows the record were transcribed, analyzed and interpreted.

The study found students budgeting behavior and factors that affect their spending. Students a lot their allowance on different school expenses specifically on their schoolwork, project, paper works, activities, and handouts. They also give priority particularly on their transportation expenses going to school and home. They consistently mentioned personal expenses that become their least priority expenses even food was last on their priority. It also shows that students that saved money tend to save for future school expenses. They also set goals to save money for them to have more motivation for saving money.

DISCUSSIONS

The study shows students behavior on budgeting and applying the principles of financial management at their personal level knowing their priority and spending their allowance wisely. It also shows their awareness of the value of proper budgeting their allowance from the most important things they need to the least. The study explicit how students used financial management skill in their needs.

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EFFECTS OF DAILY ALLOWANCE MANAGEMENT ON SENIOR HIGH SCHOOL WORKING STUDENT TO THEIR SCHOOL PERFORMANCE

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The study assessed the association of school allowance and students' determination in studies. The study used quantitative approach - the descriptive survey. The study was conducted in Jagobiao National High School - Senior High School Department. Mainly the Senior High School students are the respondents. The first part of the questionnaire talks about how students determines toward their studies. The weighted mean used to show how school allowance affects the determination of the students towards their studies. Using chi-square, it revealed that there was no significant association between school allowance and students' determination in studies. Students' determination in studies did not affect whether the school allowance of the students either high or low. In addition, students were determined in their studies sometimes. The students who were having a high socioeconomic status or low socioeconomic status did not affect their performance in school. In addition student...

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Background: The labor market in Qatar became unstable since the blockade in 2017. As a result, numerous incidents of job cessation became rampant, greatly affecting the foreign workforce in Qatar. Among the workforce population are Filipino employees who experienced a series of trials along with evident worries evoked by the possibilities of job cessation. Method: The researchers utilized a phenomenological research design to discern the lived experiences and perspectives of Filipino workers who underwent job loss and thereafter recovered employment after a span of three months, relative to the central question: "What are the mechanisms commonly practiced by Filipino Overseas in Qatar who experienced job cessation?". Findings: Findings have shown that resiliency serve as coping mechanisms of employees in facing employment after effects who seek to continuously provide the needs of their families even under undesirable situations. Conclusion: The drive to push through surmounted working obstacles plays a crucial role in recovering from job loss. Difficulties brought by migrational push-pull factor may waver an employee faced with job cessation but acquired job benefits will develop one's mindset and improve adaptability. Recommendation: To fill in the gap of this study, the paper suggests to gather respondents with different working backgrounds to compare the effect of cessation to various job positions.

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School Allowance and Students’ Determination in Studies

The study assessed the association of school allowance and students' determination in studies. The study used quantitative approach - the descriptive survey. The study was conducted in Jagobiao National High School - Senior High School Department. Mainly the Senior High School students are the respondents. The first part of the questionnaire talks about how students determines toward their studies. The weighted mean used to show how school allowance affects the determination of the students towards their studies. Using chi-square, it revealed that there was no significant association between school allowance and students' determination in studies. Students' determination in studies did not affect whether the school allowance of the students either high or low. In addition, students were determined in their studies sometimes. The students who were having a high socioeconomic status or low socioeconomic status did not affect their performance in school. In addition students' willingness in school was the factor why students are eager in their studies in school. Consecutively, to improve their determination in school they need to be interested in school and participated in school activities.

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COMMENTS

  1. School Allowance and Students' Determination in Studies

    school allowance and it is 33.48% of the total respondents. Lastly, there are 70 respondents. answered the 61 pesos and above (₱61.00 and above) school allowanc e and it is 30.43% of. the total ...

  2. PDF Student Budgeting and Spending Behaviour

    This paper compares student allowance with academic performance. It does not consider the various commodities on which a student spends and ... et al., 2018) The research paper classifies variables that become factors that influence allowance management. The population of the study are the college students from first year (term one) in ...

  3. A Descriptive Research on Allowance and Budget of Abm Senior High

    The more knowledge students have about their financial responsibility and status the less likely they are to be in debt (Norvilitis, et al., 2006). According to study women are more likely to report having a budget than men (Norvilitis, et al., 2006). Allowance is a necessity for every student (Micomonaco, 2003 ). It is a means of survival.

  4. PDF The Re-introduction of Allowance: the Impact on Students' Academic Life

    introducing the students' allowance. Specifically, the study seeks to answer the following research questions: 1. To what extent has the re-introduction of the students' allowance eased the financial burden on college students and their guardians? 2. What is the impact of the re-introduction of students' allowance on interruptions that

  5. Allowances: Incidence in the US and Relationship to Financial

    This study describes the use of allowance payments by parents to children in the United States (US) and documents the association between receiving an allowance as a child and financial capability as a young adult. Based on the Panel Study of Income Dynamics, the majority of children in the US ages 6 to 15 receive an allowance in childhood. Allowances are a commonly used strategy by parents ...

  6. School Allowance and Students' Determination in Studies

    The study assessed the association of school allowance and students' determination in studies. The study used quantitative approach - the descriptive survey. The study was conducted in Jagobiao National High School - Senior High School Department. Mainly the Senior High School students are the respondents.

  7. School Allowance and Students' Determination in Studies

    Downloadable! The study assessed the association of school allowance and students' determination in studies. The study used quantitative approach - the descriptive survey. The study was conducted in Jagobiao National High School - Senior High School Department. Mainly the Senior High School students are the respondents. The first part of the questionnaire talks about how students determines ...

  8. School Allowance and Students' Determination in Studies

    (DOI: 10.5296/BER.V10I1.16751) The study assessed the association of school allowance and students' determination in studies. The study used quantitative approach - the descriptive survey. The study was conducted in Jagobiao National High School - Senior High School Department. Mainly the Senior High School students are the respondents. The first part of the questionnaire talks about how ...

  9. The Relationship of Student Allowance and Academic Performance in

    Academia.edu is a platform for academics to share research papers. THE RELATIONSHIP OF STUDENT ALLOWANCE AND ACADEMIC PERFORMANCE IN LUNSODAAN NATIONAL HIGH SCHOOL A Concept Paper ... Students everyday allowance Student everyday allowance f % 10 1 6.67 15 2 13.33 20 6 40 25 1 6.67 30 4 26.67 35 0 0 40 1 6.67 total 15 100% Table1 The profile of ...

  10. Effects of Budgeting Students' Allowance to the ...

    Using a descriptive research design, it focused on the assessment of Grade 12 Accountancy and Business Management students and the effects of students' allowance budgeting to their academic performance. There were four variables identified to be affected by allowance budgeting, such as transportation, food, projects, and savings. Data were ...

  11. PDF School Allowance and Students' Determination in Studies

    School allowance refers to finance for students when they are in school. Allowance has a significant role when students buy their requirements for a particular subject. Allowance of the students may determine their interest on studies. It is interesting to know if students may determine if they have enough allowance. Parents provide allowance ...

  12. (Doc) Allowance Management of The Students in Gerona Catholic School

    Significance of the Research The study deals with the everyday allowance of GCS Senior High School students. It seeks answers as to how and where the respondents spend their money every day. Considering that money is an essential commodity that helps a person to run his or her life, this study is significant for it will benefit the students ...

  13. (PDF) Can Allowance, Personal Budgeting and Self Control ...

    issues among college students, the amount of allowance is sometimes arguable. Guo and Cai (2011) said Guo and Cai (2011) said that people with higher allowance have more tendency to do CBB.

  14. Students' Level of Financial Support Satisfaction Towards Their Daily

    Students' financial support satisfaction depends on the level of their daily allowance. Most of the students have the ranges forty-one to fifty pesos as their daily allowance. With this, students are satisfied with their daily school allowances. The students seem to have a peaceful mind in their financial life because of meeting financial ...

  15. A Research On The Allowance and Budgeting of Grade 12 Students ...

    A Research on the Allowance and Budgeting of Grade 12 Students in ASIST Main C - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. Sample Thesis

  16. Money Management: Students' Budgeting Behavior

    The study found students budgeting behavior and factors that affect their spending. Students a lot their allowance on different school expenses specifically on their schoolwork, project, paper works, activities, and handouts. They also give priority particularly on their transportation expenses going to school and home.

  17. (Doc) Effects of Daily Allowance Management on Senior High School

    The first part of the questionnaire talks about how students determines toward their studies. The weighted mean used to show how school allowance affects the determination of the students towards their studies. Using chi-square, it revealed that there was no significant association between school allowance and students' determination in ...

  18. School Allowance and Students' Determination in Studies

    The first part of the questionnaire talks about how students determines toward their studies. The weighted mean used to show how school allowance affects the determination of the students towards their studies. Using chi-square, it revealed that there was no significant association between school allowance and students' determination in studies.

  19. A-research-on-the-allowance-and-budgeting-of-grade-12-students-in-asist

    Staying at the library and read books during vacant got a 2 as a whole mean, spending 10-30% of their allowance for leisure with a mean as a whole of 2 and with a mean as a whole of 1 Senior High students spending their extra time for luxury and leisure e going to the mall, watching movies at the cinema, playing online games, arcades, etc. are ...

  20. University Student Financial Management Using Student Budgeting System

    The system provides information about the student achievement in reaching their t arget. to spend within budget. The student budgeting system is expected to help the student to plan their fund ...