Social and Behavioral Sciences Commons^™

More Than Money: Understanding Marital Influences On Retirement Savings Rates, Scott H. Payne

Theses and Dissertations

Using data from 584 individuals identifying themselves as married, the purpose of this study was to examine how personal and relational characteristics were linked to financial attitudes, knowledge, and capabilities and financial well-being using the family financial socialization framework (Gudmunson & Danes, 2011). Supporting the first two hypotheses, marital quality, materialism, age, and household income were found to directly predict financial prudence as a measure of financial attitudes, knowledge, and capabilities and to indirectly predict retirement savings rate as a measure of financial well-being. Financial prudence supported the first hypotheses as well by directly predicting retirement savings rate. Education also …