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Full-Text Articles in Social Work
Save, Even If It’S A Penny”: Transnational Financial Socialization Of Black Immigrant Women, Bertranna A. Muruthi, Kimberly Watkins, Megan A. Mccoy, Kenneth J. White, Amanda Stafford Mcrell, Michael Thomas, Abiola Taiwo
Save, Even If It’S A Penny”: Transnational Financial Socialization Of Black Immigrant Women, Bertranna A. Muruthi, Kimberly Watkins, Megan A. Mccoy, Kenneth J. White, Amanda Stafford Mcrell, Michael Thomas, Abiola Taiwo
Journal of Financial Therapy
The purpose of this study is to investigate Black-Caribbean and African women’s transnational financial socialization. Analysis of the data show 1) financial socialization in the country of origin: (a) parents stressed the importance of saving, (b) learned about money management explicitly, (c) learned about money management through observation, (d) learned by observing parent’s struggle; and 2) the impact to women’s financial navigation in the U.S.: (a) not receiving financial education, (b) unexpected financial stressors in the U.S., (c) difficulty saving, (d) the need for more financial education. Implications for mental health and financial practitioners and researchers are provided.
Financial Influences Impacting Young Adults’ Relationship Satisfaction: Personal Management Quality, Perceived Partner Behavior, And Perceived Financial Mutuality, Dung Minh Mao, Sharon M. Danes, Joyce Serido, Soyeon Shim
Financial Influences Impacting Young Adults’ Relationship Satisfaction: Personal Management Quality, Perceived Partner Behavior, And Perceived Financial Mutuality, Dung Minh Mao, Sharon M. Danes, Joyce Serido, Soyeon Shim
Journal of Financial Therapy
In this study, we investigated the extent to which young adults’ (n=274) personal financial management quality and perceived partners’ financial behavior were associated – both directly and indirectly via perceived financial mutuality – with relationship satisfaction in committed relationships. The study was grounded in Social Exchange Theory (SET). A path analysis revealed that perceived partner’s financial behavior had a direct association with perceived financial mutuality, which, in turn, had a direct association with relationship satisfaction. In contrast, the participant’s financial management quality and relationship satisfaction were not directly associated nor was they indirectly associated through perceived financial mutuality. Perceived financial …