Campus Units

Human Development and Family Studies

Document Type

Presentation

Publication Version

Published Version

Link to Published Version

https://www.consumerinterests.org/cia2016

Publication Date

2016

Journal or Book Title

Consumer Interests Annual

Volume

62

Abstract

This study examines economic and family implications of financial stressors and changes that couples experienced in the aftermath of the Great Recession as guided by Patterson’s (2002) Family Adjustment and Adaptation Response (FAAR) model. The sample consisted of a primarily middle-income group of 277 married and cohabiting couples; the couples were surveyed between 2008 and 2011 as part of the Flourishing Families Project. Findings from our path analysis showed that financial adjustments (e.g. cutting back on social activities and entertainment) in response to recession-era negative economic events were the source of economic pressure and couple relationship problems regarding finances. Prior levels of couple financial collaboration, however, partially offset these negative effects of the recession which was consistent with predictions from FAAR theory.

Comments

This presentation is published as Ray, S.K., Gudmunson, C.G., Jorgensen, B.L., Yorgason, J.B, Financial Adjustment and Couple Resilience in the Great Recession. Consumer Interests Annual 62(2016). Posted with permission.

Copyright Owner

American Council on Consumer Interests

Language

en

File Format

application/pdf

Published Version

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