Renata Legenzova|Gintar? Leck?
The Link between Family Financial Socialization in Adulthood and Investment Literacy of P2P Investors
Vytautas Magnus University|Vytautas Magnus University
abstract paper examines family financial socialization adulthood linked development investment literacy among individual family members within context innovative financial services specifically peertopeer p2p lending findings revealed p2p lending investors engage moderate level family financial socialization suggesting family key financial socialization agent childhood adolescence maintains role adulthood additionally investors possess highlevel investment knowledge skills attitudes explicit family financial socialization significant positive effect individuals investment knowledge skills attitudes effect implicit financial socialization significant negative knowledge attitudes findings suggest family discussion among adult members result higher observations family members investment behavior led lower investment literacy study found significant moderating effect strength social ties indicating dynamics family relations neither strengthen weaken proximal socialization outcomes analysis differences across demographic groups unveiled statistically significant distinctions concerning respondents gender income education results provide important insights stakeholders underscoring significant role family socialization adulthood plays shaping individuals investment literacy particularly investing p2p lending platforms