RT Journal Article
SR Electronic
T1 Rural Kids and Wealth
JF RSF: The Russell Sage Foundation Journal of the Social Sciences
FD Russell Sage Foundation
SP 155
OP 182
DO 10.7758/RSF.2022.8.4.07
VO 8
IS 4
A1 Lisa A. Keister
A1 James W. Moody
A1 Tom Wolff
YR 2022
UL http://www.rsfjournal.org/content/8/4/155.abstract
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.