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Articles 1 - 9 of 9
Full-Text Articles in Psychology
Divorced From Knowledge: Perceptions Of Alimony Fairness In Relation To Educational Discrepancies, Michael Kothakota, Jessica Wery
Divorced From Knowledge: Perceptions Of Alimony Fairness In Relation To Educational Discrepancies, Michael Kothakota, Jessica Wery
Journal of Financial Therapy
Spousal support or alimony is a cash transfer from one spouse to another after divorce. The amount awarded might seem arbitrary and unfair to either one or both individuals. The public often does not see the fact patterns associated with alimony awards or agreements, and their input may provide information to policymakers and decision-makers about what a fair amount of alimony might be. This study examines data collected from 1,285 U.S. participants randomly assigned to a vignette condition that details a hypothetical alimony scenario where one spouse supported the other spouse to gain education, resulting in significantly increased income prior …
Trauma Of The Past: The Impact Of Adverse Childhood Experiences On Adult Attachment, Money Beliefs And Behaviors, And Financial Transparency, D.Bruce Ross, Ed Coambs, Emily Johnson
Trauma Of The Past: The Impact Of Adverse Childhood Experiences On Adult Attachment, Money Beliefs And Behaviors, And Financial Transparency, D.Bruce Ross, Ed Coambs, Emily Johnson
Journal of Financial Therapy
Adverse childhood experiences (ACEs) can have a strong, lasting impact on our mental and relational outcomes as adults. They may also impact how we address financial beliefs and behaviors. The current study utilizes 500 participants from Amazon MTurk and structural equation modeling (SEM) to explore the relationships between ACEs and relational financial transparency behaviors through attachment style and money beliefs and behaviors. Findings indicated significant direct and indirect associations across these pathways, particularly for experiences of reported neglect, verbal, and sexual abuse on less security in adult attachment styles. In turn, insecure attachment styles were linked to increased maladaptive financial …
The Road To Financial Satisfaction: Testing The Paths Of Knowledge, Attitudes, Sense Of Control, And Positive Financial Behaviors, Shekinah E. Dare, Wilco W. Van Dijk, Eric Van Dijk, Lotte F. Van Dillen, Marcello Gallucci, Olaf Simonse
The Road To Financial Satisfaction: Testing The Paths Of Knowledge, Attitudes, Sense Of Control, And Positive Financial Behaviors, Shekinah E. Dare, Wilco W. Van Dijk, Eric Van Dijk, Lotte F. Van Dillen, Marcello Gallucci, Olaf Simonse
Journal of Financial Therapy
A goal of financial therapies is to increase clients’ financial satisfaction by helping them to perform positive financial behaviors. The present study argues that the success of such therapies can be further enhanced by considering the individual factors that underlie such behaviors. To identify the possibly most promising factors, data from the 2018 MAS Financial Capability Survey (n = 2,133) were used and three sets of individual factors were examined: knowledge factors (financial knowledge and financial confidence), attitudinal factors (future orientation and attitude toward money), and sense of control factors (spending self-control and perceived behavioral control). Path analysis findings …
Apr Financial Stress Scale: Development And Validation Of A Multidimensional Measurement, Wookjae Heo, Soo Hyun Cho, Philseok Lee
Apr Financial Stress Scale: Development And Validation Of A Multidimensional Measurement, Wookjae Heo, Soo Hyun Cho, Philseok Lee
Journal of Financial Therapy
People usually experience financial stress in managing their financial resources. Despite financial stress’s importance in life outcomes and the need for a comprehensive and theory-based measurement of the construct, few studies have addressed the conceptual issues of financial stress and its measurement. Hence, by borrowing from theories of general stress, this study attempts to fill this gap. Using an expert panel and two separate online survey samples, we developed and validated a novel financial stress scale. A total of 688 responses were used in an exploratory factor analysis and 1,115 responses were used in a confirmatory factor analysis. This multidimensional …
How To Prevent Unhelpful Personality Traits From Evolving Into Unhelpful Financial Behaviors: The Benefits Of Future Clarity, Simon Andrew Moss, Eraj Ghafoori, Liam Smith
How To Prevent Unhelpful Personality Traits From Evolving Into Unhelpful Financial Behaviors: The Benefits Of Future Clarity, Simon Andrew Moss, Eraj Ghafoori, Liam Smith
Journal of Financial Therapy
Many organizations have implemented programs to improve the financial behavior of impending retirees and other vulnerable demographics. These programs are predicated on the assumption that financial behavior is indeed modifiable. Yet, many enduring traits, such as emotional instability, could promote financial anxiety and provoke imprudent financial behaviors, limiting the utility of these programs. This study, however, tests the possibility that future clarity—the degree to which individuals perceive their future as vivid and certain—could diminish the extent to which emotional instability coincides with financial anxiety and imprudent financial behavior. Specifically, 1516 participants over 50 completed a questionnaire that gauges emotional instability, …
The Impact Of Psychological Trauma On Finance: Narrative Financial Therapy Considerations In Exploring Complex Trauma And Impaired Financial Decision Making, D. Bruce Ross Iii, Ed Coambs
The Impact Of Psychological Trauma On Finance: Narrative Financial Therapy Considerations In Exploring Complex Trauma And Impaired Financial Decision Making, D. Bruce Ross Iii, Ed Coambs
Journal of Financial Therapy
The current paper aims to foster new discussion on the complex, deleterious, and conflated relationship between psychological trauma and financial management processes. Trauma and financial distress are interconnected, affecting the cognitive, behavioral, emotional, and relational aspects of our lives. A case vignette is presented for financial therapists which utilizes an integrated, trauma-informed approach addressing the lasting impact of childhood trauma on financial management behaviors and the client’s life story. Treatment modalities consider narrative financial therapy, four categories of sexual and financial shame, and four phases of trauma restoration. Ethical and practice implications are discussed.
An Economic Model Of Mortality Salience In Personal Financial Decision Making: Applications To Annuities, Life Insurance, Charitable Gifts, Estate Planning, Conspicuous Consumption, And Healthcare, Russell N. James Iii
An Economic Model Of Mortality Salience In Personal Financial Decision Making: Applications To Annuities, Life Insurance, Charitable Gifts, Estate Planning, Conspicuous Consumption, And Healthcare, Russell N. James Iii
Journal of Financial Therapy
The study of personal mortality salience and the denial of death have a long history in psychology leading to the modern field of Terror Management Theory. However, a simple consumer utility function predicts many of the outcomes identified in experimental research in this field. Further, this economic approach explains a range of otherwise unexpected financial decision-making behaviors in areas as diverse as annuities, life insurance, charitable gifts and bequests, intra-family gifts and bequests, conspicuous consumption, and healthcare. With its relevance to such a wide range of personal financial decisions, understanding the impact of mortality salience can be particularly useful to …
Sources Of Referral In Student Financial Counseling, Shinae Choi, Suzanne Bartholomae, Clinton G. Gudmunson, Jonathan Fox
Sources Of Referral In Student Financial Counseling, Shinae Choi, Suzanne Bartholomae, Clinton G. Gudmunson, Jonathan Fox
Journal of Financial Therapy
This study evaluates sources of referral to financial counseling and varied declines in financial stress across the financial counseling process. College students came to counseling most often through self-referral. Younger students and women were more likely to respond to institutional referrals. There were two clearly discernable periods of decline in financial stress, smaller interim declines occurring after requesting appointments and larger declines that occurred in counseling sessions. The interim declines, however, were only operative for those who were self- or institutionally-referred and not for those who entered on a social-referral. A possible explanation is that social-referrals have already had “someone …
“Where I’M Coming From”: A Discourse Analysis Of Financial Advice Media, Tanya E. Mudry, Ines Sametband, Tom Strong, Dan Wulff, Jennifer Michel, Sally St. George
“Where I’M Coming From”: A Discourse Analysis Of Financial Advice Media, Tanya E. Mudry, Ines Sametband, Tom Strong, Dan Wulff, Jennifer Michel, Sally St. George
Journal of Financial Therapy
In this paper we conceptualize different understandings and positions taken in conflicts over finances in family and couple relationships. We see these as informed by discourses found in popular and professional media. Discourses, as we describe them, are cultural ways of understanding and acting – where “we are coming from,” in this case, relates to finances and financial management. We turn to various media (magazine advice articles, self-help books, professional and research literatures) using discourse analysis to identify distinct discourses regarding how finances are to be regarded and managed. We then link these discourses to discourse positions, or positionings, that …