<p>An individual's financial position of dependence or independence can impact a person's state of psychological well-being and his/her level of functioning in society. Being financially independent can provide a sense of security and empower an individual to increase their quality of life. However, being financially dependent on others can create a hardship of fear and uncertainty about how to feed one's family or pay the rent. A number of published studies (Kruttschnitt, 1982; Natalier, 2007; Powles, 1991; Rogers, 2004; Schneider, 2000; Strube & Barbour, 1983) have been performed for specific topics related to financial dependency; however, the various developmental stages people experience when they are financially independent or financially dependent has not yet been researched or characterized. The goals of this study are: 1) to examine and identify the developmental stages of financial dependence and independence that individuals experience over the life span, and 2) to determine the benefits and challenges people encounter as a result of experiencing each of these stages of financial dependence and independence. Gaining a greater understanding of the common experiences people have in each of these states of financial dependence and independence will enable psychology and sociology professionals to better recognize the needs and concerns of their clients.
| Identifer | oai:union.ndltd.org:PROQUEST/oai:pqdtoai.proquest.com:1605070 |
| Date | 17 December 2015 |
| Creators | Warnock, Catherine M. |
| Publisher | University of Colorado at Denver |
| Source Sets | ProQuest.com |
| Language | English |
| Detected Language | English |
| Type | thesis |
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