An exploratory analysis of financial wellness of trans-spectrum college students. Issue 1 (2nd January 2022)

• Record Type: Journal Article
• Authors: Rehr, Tori I.; Regan, Erica P.
• Is Part Of: Journal of LGBT youth. Volume 19:Issue 1(2022)
• Page Start: 76
• Page End: 91
• Publication Date: 2022-01-02
• Subjects: Financial wellness -- transgender students -- gender identity -- student finances; Sexual minority youth -- Periodicals; Sexual minority youth -- Education -- Periodicals; 306.76083505
• DOI: 10.1080/19361653.2020.1762147
• Languages: English
• ISSNs: 1936-1653

Abstract

Abstract: The authors explore trans-spectrum student financial experiences through a holistic model of financial wellness. Responses from the 2017 Study on Collegiate Financial Wellness were used to compare the financial wellness of trans-spectrum students to a sample of cisgender students, as well as to explore how students with diverse trans-spectrum identities may have varying financial experiences. Results indicated that trans-spectrum students have lower average scores than their cisgender peers on several financial wellness measures, including financial optimism and financial self-efficacy, but had higher scores than cisgender students on the financial strain measure. However, there were no significant differences between trans-spectrum students and cisgender students on the negative and positive financial management measures or sources of educational funding. Limited differences were found between trans-spectrum students with different gender identities. These findings indicate that the harmful effects of genderism on trans-spectrum students' physical and mental wellness may also extend to financial wellbeing, but that trans-spectrum students also show evidence of coping to manage their financial resources.