Theory

The primary theories I draw upon in my research include (Figure 1), the long-term development of financial well-being & asset accumulation (Figure 2), family financial socialization (Figure 3), an ecological life-course approach (Figure 4), and the ABC-X model (Figure 5), among others.

Figure 1. Couples and Money Theoretical Framework

 Note: H and W, husband and wife or individual characteristics; CRC, couple relationship characteristics; MQ, marital quality or, in thecurrent study, relationship satisfaction; FMP, financial management practices; FS, financialsatisfaction. Each arrow represents empirical evidence linking one concept to another.

Archuleta, K. L. (2013). Couples, money, and expectations: Negotiating financial management roles to increase relationship satisfaction. Marriage & Family Review, 49(5), 391–411. https://doi.org/10.1080/01494929.2013.766296

Figure 2. Long-term development of financial well-being & asset accumulation

Note. This theory was adapted from family financial socialization (Beverly et al., 2008), determinants of asset holdings (Gudmunson & Danes, 2011), and life-course theory (Elder, 1998).

Beverly, S., Sherraden, M., Cramer, R., Williams Shanks, T., Nam, Y., & Zhan, M. (2008). Determinants of asset holdings. Asset building and low-income families, 89-151.

Elder, G. H., Jr. (1998). The life course as developmental theory. Child Development, 69(1), 1–12. https://doi.org/10.1111/j.1467-8624.1998.tb06128.
Gudmunson, C. G., & Danes, S. M. (2011). Family financial socialization: Theory and critical review. Journal of family and economic issues, 32, 644-667.

Figure 3. Family financial socialization

Note. Gudmunson, C. G., & Danes, S. M. (2011). Family financial socialization: Theory and critical review. Journal of family and economic issues, 32, 644-667.

Figure 4. An ecological life-course approach 

Note. Hill, R. (1949). Families under stress. Harper & Row.