Financial management literature suggests that individuals manage money entering the household in a variety of ways which may be shaped by family composition. This dissertation addresses the influences of marital status, children and grandchildren residing inside and/or outside of the home, and gender on financial decision making. Two aspects of making financial decisions, psychological and sociological, serve as the focus of the study. Both of these important characteristics of making financial decisions were measured utilizing the National Endowment for Financial Education's Life Values study which characterizes psychological aspects as Inner Life Financial Values and sociological aspects as Social Life Financial Values. It was hypothesized that individuals in non-committed relationships, individuals with children or grandchildren residing outside of the home, and men with children or grandchildren outside of the home would demonstrate higher levels of Inner Financial Life Values. It was also hypothesized that individuals in committed relationships, individuals with children or grandchildren residing inside of the home, and women with children or grandchildren inside of the home would demonstrate higher levels of Social Financial Life Values. Results were analyzed utilizing one-way analysis of variance. Post hoc analyses were also examined. With respect to Inner Financial Life Values, results indicated significant differences between groups. This research suggests that psychological aspects of financial values may differ for individuals in committed relationships (i.e. married or living with a partner) as compared to individuals who are in non-committed relationships (i.e. divorced or have never been married). Additionally, the addition of children within a committed relationship may further contribute to the shaping of psychologically-based financial values. An examination of Social Financial Life Values indicated no significant differences between groups. A lack of differences between groups may be indicative of a reliance on social supports, such as extended family and friends, for individuals in non-committed relationships. Further examination of this measure is warranted. / A Dissertation submitted to the College of Social Work in partial fulfillment of the requirements for the degree of Doctor of Philosophy. / Spring Semester, 2014. / April 1, 2014. / Couples, Financial Decision-Making, Financial Management, Financial Therapy, Household Composition, Marriage / Includes bibliographical references. / Thomas E. Smith, Professor Directing Dissertation; David R. Peterson, University Representative; Bruce A. Thyer, Committee Member; Jean Munn, Committee Member.
| Identifer | oai:union.ndltd.org:fsu.edu/oai:fsu.digital.flvc.org:fsu_185307 |
| Contributors | Richards, Kristin Vance (authoraut), Smith, Thomas E. (professor directing dissertation), Peterson, David R. (university representative), Thyer, Bruce A. (committee member), Munn, Jean (committee member), College of Social Work (degree granting department), Florida State University (degree granting institution) |
| Publisher | Florida State University, Florida State University |
| Source Sets | Florida State University |
| Language | English, English |
| Detected Language | English |
| Type | Text, text |
| Format | 1 online resource, computer, application/pdf |
| Rights | This Item is protected by copyright and/or related rights. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s). The copyright in theses and dissertations completed at Florida State University is held by the students who author them. |
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