pick up a resource and write it as a paragraph plus ive an assignment to do

1/28/2014 Sample annotated bibliography Koonce, J., Mimura, Y., Mauldin, T., Rupered, M., & Jordan, J. J. (2008). Financial information:

Is it related to savings and investing knowledge and financial behavior of teenagers? Journal of

Financial Counseling and Planning 19(2), 19-28.

The focus of the study was to examine how financial behavior indicators were associated with

the various financial information sources among youth. There were five multivariate models,

each with different dependent variables. The first four were the amount of financial information

obtained from parents, other family members or friends, and educators. Each was based on the

survey item that had four categories. The dependent variable of the last model was the youth’s

knowledge about savings and investment, coded as a continuous variable. The main independent

variables for all models were four financial behavior variables. The four information source

models also included the youth’s financial knowledge score as an independent variable. The

survey data were collected through convenient sampling from teenagers aged between 14 and 19

who participated in the General Assembly of Georgia 4-H in 2006 (n=253). The data were

analyzed through General Linear Model (GLM). The result showed that the youth who had a

spending plans reported greater amount of financial information obtained from educators and

internet/media. Youth who had set financial goals and who reported saving their earnings

reported greater amount of financial information obtained from their parents. Finally, youth who

identified their primary race as White (of any ethnicity) reported fewer amount of financial

information obtained from educators or internet/media than youth who identified their primary

race as non-White (or any ethnicity). In conclusion, the study supported existing literature on the

importance of parents regarding financial behavior. Further, the result suggests the possibility

that non-White youth were receiving less reliable financial information from sources such as

educators and media, despite the fact that the family economic background of these two groups

did not differ in this study.