TY - JOUR
T1 - Parental Self-Efficacy and Joining a Savings Program for Children's Education
AU - Okech, David
AU - Little, Todd D.
AU - Williams Shanks, Trina R.
AU - Adams, Deborah
PY - 2011/7
Y1 - 2011/7
N2 - Objectives: Using baseline survey data, the study examined self-efficacy of 381 lower-income parents who had opportunities to build financial assets for their children by opening college savings accounts in a human service agency. Methods: Of the study sample, 62% of the parents decided to open accounts while 38% did not. Structural equation modeling for multiple group models was performed. Results: There were few demographic differences between the groups. The measurement model was invariant across parents who decided or did not decide to open accounts, fitting the data for both account openers and nonopeners, χ2(450, n = 381) = 804.60,p <.001, root mean square error of approximation [RMSEA]=.070(.063-.073), Non-Normed Fit Index [NNFI] = 0.93, Comparative Fit Index [CFI] = 0.93). Conclusions: Results lend some support to institutional perspective on saving. Implications for policy and practice are discussed.
AB - Objectives: Using baseline survey data, the study examined self-efficacy of 381 lower-income parents who had opportunities to build financial assets for their children by opening college savings accounts in a human service agency. Methods: Of the study sample, 62% of the parents decided to open accounts while 38% did not. Structural equation modeling for multiple group models was performed. Results: There were few demographic differences between the groups. The measurement model was invariant across parents who decided or did not decide to open accounts, fitting the data for both account openers and nonopeners, χ2(450, n = 381) = 804.60,p <.001, root mean square error of approximation [RMSEA]=.070(.063-.073), Non-Normed Fit Index [NNFI] = 0.93, Comparative Fit Index [CFI] = 0.93). Conclusions: Results lend some support to institutional perspective on saving. Implications for policy and practice are discussed.
KW - college account opening
KW - institutional supports
KW - self-efficacy
UR - http://www.scopus.com/inward/record.url?scp=79958715210&partnerID=8YFLogxK
U2 - 10.1177/1049731510389079
DO - 10.1177/1049731510389079
M3 - Article
AN - SCOPUS:79958715210
SN - 1049-7315
VL - 21
SP - 442
EP - 451
JO - Research on Social Work Practice
JF - Research on Social Work Practice
IS - 4
ER -