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Abstract

This qualitative study answers the question: How do the early life lessons which Colorado College students acquired in their childhood translate into how they value the importance of money and personal finances as young adults? A total of 12 Colorado College under students over the age of 18 were interviewed over the course of two months. Three main themes came from the interviews. Out of the 12, six identify as being on need based financial aid, 3 are on full-ride CC scholarships and 3 do not receive any need-based financial aid. The first themes identify the family dynamics in the household shape financial socialization. The second theme relates to the life lessons which students acquired from their upbringings. The third theme reflects on how CC students value the importance of money and finances in their current young adult lives. Based on student’s current perspectives, we can determine how adulthood experiences will play out after college.

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