Money in Couples: The Organisation of Finances and the Symbolic Use of Money

Evertsson, Lars; Nyman, Charlott

doi:10.1007/978-3-030-73306-3_14

Cited by 3 publications

(3 citation statements)

References 79 publications

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“…However, current research highlights couple as a collective unit remains a strong normative ideal. Today, it is a major challenge couples to balance their commitment to the couple as a collective unit and their pursuit of individual financial autonomy within the partnership (Evertsson & Nyman, 2021;Pepin, 2019). Taken together, our results demonstrate that income and wealth inequalities in couples are relevant for their money management, yet in very different ways.…”

Section: Discussionmentioning

confidence: 70%

“…Empirical research on money management in couples has centrally focused on differentiating between the ownership of and access to money. Individual access to money in couples depends on how the partners manage and control their money (Evertsson & Nyman, 2021;Pahl, 1989). In Germany, about two-thirds of couples pool their money and jointly manage it, followed by about onefourth of couples who engage in independent management; patterns in which one partner is solely responsible are less common today (Çineli, 2022;Lott, 2009Lott, , 2017.…”

Section: Introductionmentioning

confidence: 99%

“…This article expands these findings by examining whether wealth inequalities between partners, in addition to income inequalities, are also associated with their money management. Even though couples generally do not pool their wealth in terms of ownership (Lersch, 2017a;Nutz, 2022), equality in control and management of money within couples is also highly valued in terms of wealth (Evertsson & Nyman, 2021;Joseph & Rowlingson, 2012;Tisch & Lersch, 2021).…”

Section: Introductionmentioning

confidence: 99%

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Financial Solidarity or Autonomy? How Gendered Wealth and Income Inequalities Influence Couples’ Money Management

Althaber

Leuze

Künzel

2023

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It is well established that women have lower income and wealth levels than men. These inequalities are most pronounced within heterosexual couples and grow once partners get married and have children. Nevertheless, equality in controlling money within couples is highly valued and might ameliorate women’s disadvantages in income and wealth ownership. Previous research has focused on explaining gender wealth inequalities at the household level; less is known about the possible consequences of these inequalities on how couples manage their money. In this article, we investigate how income and wealth inequalities among couples are associated with joint or independent money management. In theoretical terms, we perceive money management systems as representing two different norms of reciprocity within couples for buffering income and wealth inequalities between partners, depending on the transferability of resources and their institutional regulation. We apply pooled logistic regression models to data from the German Socio‐Economic Panel Study. Our findings confirm that income and wealth are relevant but have opposite associations with couples’ money management strategies. While couples with unequal income constellations tend to pool their money, couples with unequal wealth constellations manage their money independently. Accordingly, couples seem to use labour income to buffer gender inequalities by sharing resources, thereby following the norm of partnership solidarity. In contrast, gender wealth inequalities are reproduced by keeping resources separate, thus representing the norm of financial autonomy.

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Section: Discussionmentioning

confidence: 70%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Financial Solidarity or Autonomy? How Gendered Wealth and Income Inequalities Influence Couples’ Money Management

Althaber

Leuze

Künzel

2023

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Financial Disagreements and Money Management Among Older Married and Cohabiting Couples in Sweden

Kridahl

Duvander

2022

J Fam Econ Iss

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This study investigates how partners’ money management strategies are associated with the experience of financial disagreements among older couples (60–80 years old). Money management is a broad concept, and this study operationalizes whether the partners pool all money, the partners pool some money, one partner manages the money (and gives a share to the other partner for personal spending), or the partners keep all money separate. The data comprise a subsample from the Swedish Generations and Gender Survey from 2012 to 2013. The descriptive statistics show that 11% of older couples experience financial disagreements and that there is a large variation in how couples manage their money. Contrary to our expectations, logistic regression analyses further indicate that couples who pool all money are less likely to have financial disagreements than couples who either keep all money separate or adopt a lower degree of pooling. Whether some or all money is kept separate does not seem to be important for the likelihood of financial disagreements, as all these couples are more likely to experience disagreements. Among couples with financial hardship, partial pooling and keeping money separate are associated with a higher likelihood of financial disagreements than pooling all money. In conclusion, the greater probability of financial disagreements among couples who do not pool their earnings calls for greater awareness of the potential consequences of various money management contexts among individuals, couples, decision-makers and practitioners. In the worst cases, couples may have poor financial wellbeing.

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Financial Transparency and Marital Satisfaction

Baek,

Chenail,

Neymotin

2023

Financial Planning Research Journal

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Previous studies suggest that financial distress, financial management, and financial counselling can impact relationship satisfaction among married couples. Utilising a unique Financial Transparency Scale (FTS), we examine the relationship between couples’ financial transparency and their marital satisfaction. We demonstrate that couples who jointly engage in financial partnership activities, such as making joint financial decisions, financial planning, and budgeting, experience a higher level of relationship satisfaction. We additionally find a positive association between a married person’s relationship satisfaction and the degree to which their partner is financially transparent. Our ordinal regression results highlight the importance of financial trust and open financial discussions.

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Money in Couples: The Organisation of Finances and the Symbolic Use of Money

Cited by 3 publications

References 79 publications

Financial Solidarity or Autonomy? How Gendered Wealth and Income Inequalities Influence Couples’ Money Management

Financial Solidarity or Autonomy? How Gendered Wealth and Income Inequalities Influence Couples’ Money Management

Financial Disagreements and Money Management Among Older Married and Cohabiting Couples in Sweden

Financial Transparency and Marital Satisfaction

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