| With the increasing financialization of modern society,the financial system and financial services have become an important part of people’s economic activities,and the financial literacy of residents has received increasing attention from all walks of life at home and abroad.On the other hand,the family,as an important place for children’s socialization,provides an indispensable material environment for their growth,among which parents’ financial literacy has a significant impact on children’s development,mainly in the area of children’s education and savings for family asset building.The continuous development of asset-building theory has drawn the attention of scholars and policy makers to financial literacy,while a great deal of discussion has been conducted around asset-building in the family.Moreover,from a professional social work perspective,asset-based social policy research has placed the theoretical paradigm of financial capability and asset accumulation within the framework of financial social work.In this paper,we use data from the 2014 China Family Panel Studies(CFPS),and the total sample included in the statistical analysis is 1306 families and children after excluding relevant missing values,not applicable,and other children and family samples.This paper mainly examines the current situation of parents’ financial literacy and children’s educational savings in Chinese families from a financial social work perspective,and further explores the role of parents’ financial literacy in influencing children’s educational savings and urban-rural differences.The results show that:(1)Parents’ financial literacy has a significant positive impact on their children’s education savings.The higher the parents’ financial literacy,the stronger the behavior of saving for their children’s education;Both objective financial literacy dimension and subjective financial literacy dimension have positive and significant predictive effects on children’s education savings.(2)There are significant differences in parental financial literacy in China in terms of household registration and parental education;family economic income is positively correlated with financial literacy,among which the higher the family economic income,the higher the parental financial literacy.(3)The educational savings of children are significantly affected by parents’ educational expectation,while the education level and household registration are not significantly affected.There is a positive correlation between family economic income and children’s education savings.(4)Parental financial literacy is a more significant predictor of children’s education savings in urban areas compared to rural areas.Based on the findings of the study,the author proposes the following recommendations:(1)At the policy level,we should enrich the connotation of child welfare policies,use asset building as a platform to explore the integration of children’s social welfare system,provide a good environment for children’s growth,and guarantee children’s development rights.(2)At the practical level,on the one hand,social workers should innovate concepts,actively integrate intervention models,establish classification and grading standards according to the needs of service recipients,establish "personal development accounts" in low-income families,integrate and improve relief protection and asset development,and achieve sustainability of anti-poverty.At the same time,we continue to explore case,group,and community work models to provide empirical theories and practical bases for the development of financial social work practice and promote the localization of financial social work.On the other hand,from the perspective of enhancing parents’ financial literacy,social workers increase education and publicity to help parents establish correct educational concepts,create a good learning atmosphere in the family,encourage the active establishment of child development accounts,and provide quality resources for children’s growth. |
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