The purpose of this study was to examine the financial management practices of families in the United States Army and the relationship of those practices on key variables affecting family life. Variables analyzed included financial well-being, general well-being, life satisfaction, depression, attitude toward the Army, military related life stress conditions, sense of support, and receptivity to financial management and consumer assistance programs. Conceptual frameworks used were family systems and family development theory. The sample consisted of 54 intact families whose sponsor was serving in the U.S. Army at a military installation located in the Western United States. / Data were obtained through two methods. The first method utilized personal interviews regarding family demographics, household income, expenditures, money management practices, financial planning background, and perception of financial well-being (FWB). The second method was through structured questionnaires provided by the Walter Reed Army Institute of Research. Results indicated a significant positive relationship between a family's FWB with marital satisfaction and general well-being. Level of depression and FWB had a significant negative relationship. Further analysis revealed a significant, positive relationship between a family's FWB with amount of money it invested in its financial future and amount of its household income. Amount of money a family invested and its attitudes toward the Army had a significant positive association. A significant negative relationship existed between total consumer debt and receptivity to financial management and consumer assistance programs. Families reporting the lowest levels of financial well-being were in the first two stages of the family life cycle. Household income and expenditures are compared to national data. Amount of unpaid consumer debts were considerably larger for Army families when compared to U.S. households. Relocation expenses were a major contributing factor for the difference. Research implications and recommendations are provided regarding Dept. of Defense family policies, family education, and consumer assistance efforts. / Source: Dissertation Abstracts International, Volume: 46-09, Section: A, page: 2827. / Thesis (Ph.D.)--The Florida State University, 1985.
| Identifer | oai:union.ndltd.org:fsu.edu/oai:fsu.digital.flvc.org:fsu_75658 |
| Contributors | THORESEN, ROBERT JAMES., Florida State University |
| Source Sets | Florida State University |
| Detected Language | English |
| Type | Text |
| Format | 286 p. |
| Rights | On campus use only. |
| Relation | Dissertation Abstracts International |
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