PT  - JOURNAL ARTICLE
AU  - Lisa A. Keister
AU  - James W. Moody
AU  - Tom Wolff
TI  - Rural Kids and Wealth
AID  - 10.7758/RSF.2022.8.4.07
DP  - 2022 May 01
TA  - RSF: The Russell Sage Foundation Journal of the Social Sciences
PG  - 155--182
VI  - 8
IP  - 4
4099  - http://www.rsfjournal.org/content/8/4/155.short
4100  - http://www.rsfjournal.org/content/8/4/155.full
AB  - Wealth ownership is a critical component of economic well-being, and wealth in early adulthood provides important clues about the trajectories along which individuals move throughout their lives. Using data from the National Longitudinal Study of Adolescent Health (Add Health), we find an association between growing up rural and adult wealth that varies across the components of wealth. We also find that growing up rural has unique implications for young adult wealth ownership that differ from growing up in other geographic regions, particularly in urban areas. Our results highlight an important outcome that is conditioned by growing up rural and underscores the importance of context for understanding how families save and accumulate wealth.