Gender,Socialization, and Money1

We examine the familial experiences of 605 university students surrounding money, and their current beliefs and attitudes about money. A survey examined parental practices regarding money, gender beliefs about equal and unequal earnings, money as it relates to assessments of the self and others, current financial practices, and plans and expectations regarding future financial earnings. Gender comparisons of 12 factors revealed separate and distinct money socialization tracks for men compared to women. Parents were described as having a very different set of practices and expectations for sons and daughters, and the male and female students also sharply differed in a number of ways on their attitudes and behaviors regarding money. For males, money was positively valued. Females had a negative value for money. These money tracks were more sharply differentiated and positively associated among students from higher social classes.