Introduction to the Special Issue on Couples, Families, and Finance

Curran, Melissa A.; LeBaron‐Black, Ashley B.; Li, Xiaomin; Totenhagen, Casey J.

doi:10.1007/s10834-021-09771-7

Cited by 3 publications

(2 citation statements)

References 19 publications

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“…For example, a country-by-country comparison of our findings among emerging adults would be an important area for future research to understand if a similar phenomenon is emerging in places such as Europe, Asia, South America, and Africa. As others have argued [ 22 , 63 ], a focus on samples outside the USA specific to finances is still needed.…”

Section: Discussionmentioning

confidence: 99%

“…Furthermore, emerging adults may prioritize career pursuits more than romantic relationships [ 21 ], and this lack of intentionality in romantic relationships might have implications for coping with this financial distress [ 12 ]. At the same time, the influence of romantic relationships in emerging adulthood is magnified by the gradual decline in influence from parents and other family members [ 22 ]. Thus, examining these associations in emerging adults seems justified.…”

Section: Introductionmentioning

confidence: 99%

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The ABC-X’s of Stress among U.S. Emerging Adults during the COVID-19 Pandemic: Relationship Quality, Financial Distress, and Mental Health

LeBaron‐Black

Yorgason

Curran

et al. 2022

IJERPH

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Many emerging adults have experienced increased financial distress and mental health problems during the COVID-19 pandemic, and isolation may have amplified the importance of close relationships (especially as parents’ influence diminishes during this developmental stage). Using the ABC-X Model to frame our model, we tested whether financial distress (C) mediates the associations between COVID-19 impact (A) and anxiety and depressive symptoms (X), and whether or not romantic relationship quality (B) moderates these indirect associations. Our sample comprised of 1950 U.S. emerging adults in a romantic relationship. Mediation and first-stage moderated mediation were tested using structural equation modeling. Financial distress partially mediated the association between COVID-19 impact and anxiety symptoms and fully mediated the association between COVID-19 impact and depressive symptoms. Strong evidence of moderated mediation was found but in the opposite direction expected: the indirect associations of COVID-19 impact with anxiety and depressive symptoms (through financial distress) were stronger for those in high-quality romantic relationships. The findings may inform policy and practice aimed at optimizing the mental health of emerging adults, especially in light of the ongoing COVID-19 pandemic: specifically, alleviating financial distress may improve the mental health of emerging adults, while focusing on the quality of their romantic relationships may not.

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Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The ABC-X’s of Stress among U.S. Emerging Adults during the COVID-19 Pandemic: Relationship Quality, Financial Distress, and Mental Health

LeBaron‐Black

Yorgason

Curran

et al. 2022

IJERPH

View full text Add to dashboard Cite

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The Pursuit of Subjective Well-Being Through Financial Well-Being, Relationship Quality, and Spiritual Well-Being: A Configuration Approach with Fuzzy-Set Qualitative Comparative Analysis (fsQCA)

Jalal Ahamed

2024

J Fam Econ Iss

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Individuals’ subjective well-being is influenced by their financial well-being, family relationship quality, spiritual well-being, gender, and age. However, our knowledge of potential associations between these factors is limited, especially in non-western developing countries. Further, human thinking’s complexity, interconnectedness, and asymmetry fit nicely with subjective well-being conceptualizations. Therefore, this research is one of the very first studies from a typical Asian country that conceptualizes subjective well-being asymmetrically. The primary objective of this study was to determine which combinations of these factors resulted in higher or lower subjective well-being. We used a self-administered questionnaire to survey 250 married working people in Bangladesh’s capital city. The factor combinations are identified with a fuzzy-set qualitative comparative analysis (fsQCA). Despite not finding any necessary condition for high or low subjective well-being, the analysis identifies two equifinal combinations of high subjective well-being and four combinations of low subjective well-being. In Asian cultures, where family bonds and spiritual well-being are feared to be declining, the combination of identified configurations re-emphasizes the importance of family relationship quality and spiritual well-being. Using a configurational approach, the findings contribute to the literature on subjective well-being and family relationships by explaining how different combinations of factors determine an individual's well-being. Additionally, this has important implications for policymakers and society as a whole.

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Learning from Bitter Memories: Frequency and Resolution of Interparental Financial Conflicts, Financial Beliefs and Behaviors, and Well-Being among Hong Kong Young Adults

Li,

Khan,

LeBaron-Black

et al. 2024

J Fam Econ Iss

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Drawing from family systems theory and family financial socialization theory, we examined associations among interparental financial conflicts (IPFC), financial beliefs and behaviors, and well-being for 312 Hong Kong young adults (aged 18–30 years old). The sample was relatively diverse in age, income level, and education level; the data were collected in March and April of 2022. IPFC consisted of frequency and three types of resolution strategies: negotiation, hostility, and triangulation. Financial beliefs and behaviors consisted of money vigilance and healthy money management. Well-being consisted of financial well-being and life satisfaction. Conducting structural equation modeling and calculating indirect effects, we identified two key findings. First, IPFC strategies (but not IPFC frequency) spill over into offspring’s financial beliefs and well-being. Second, young adults’ financial beliefs mediated associations between IPFC strategies and young adults’ well-being. Collectively, our study extended family systems theory and family financial socialization theory in demonstrating that (a) family interactions and relationships—including IPFC— are a vital component of the financial socialization process, and (b) these processes are associated with young adults’ financial beliefs, and in turn, well-being.

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Introduction to the Special Issue on Couples, Families, and Finance

Cited by 3 publications

References 19 publications

The ABC-X’s of Stress among U.S. Emerging Adults during the COVID-19 Pandemic: Relationship Quality, Financial Distress, and Mental Health

The ABC-X’s of Stress among U.S. Emerging Adults during the COVID-19 Pandemic: Relationship Quality, Financial Distress, and Mental Health

The Pursuit of Subjective Well-Being Through Financial Well-Being, Relationship Quality, and Spiritual Well-Being: A Configuration Approach with Fuzzy-Set Qualitative Comparative Analysis (fsQCA)

Learning from Bitter Memories: Frequency and Resolution of Interparental Financial Conflicts, Financial Beliefs and Behaviors, and Well-Being among Hong Kong Young Adults

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