Money management systems in early marriage: Factors influencing change and stability

We know little about how couples develop their systems of money management, nor how and why these might change over time. To address these lacunae, in-depth, semi-structured interviews were conducted with 42 heterosexual couples before their first marriage and again one year later. A Grounded Theory analysis was used to explore financial practices and how individuals approached monetary issues. Before the wedding the majority had rather independent monetary arrangements, but a year later, some had moved to more collective systems. Factors influencing change or stability in financial arrangements were both pragmatic (having to respond to major expenses such as house purchase or a new baby) and ideological (e.g., the relative importance of autonomy or sharing within the marriage). But an over-riding factor was perceived ownership of income and other assets. Those choosing more separation in money matters did so in order to maintain their financial identity and autonomy. However, there was evidence that such systems can sow the seeds of inequality later if women curtail their employment to provide childcare.     

‘All my worldly goods I share with you’? Managing money at the transition to heterosexual marriage

Studies in the 1980s and 1990s revealed that financial arrangements in marriage tended to disadvantage women, especially those with young children. However, much of that research focused upon relatively well‐established married (or remarried) couples, and we have little insight into the choices that today's newly‐weds are making, or what influences their choices. To address this gap in our understanding, in‐depth, semi‐structured interviews were conducted with forty‐two heterosexual couples on the brink of their first marriage. We explored their monetary practices and the way that they thought about money in the relationship. The results of a grounded theory analysis showed that six couples were pooling all or most of their money, fifteen were using a partial‐pooling system, twenty were using an independent management system (with separate accounts), and one couple had an arrangement where all the money was controlled and managed by one partner. A key factor was perceived ownership of money, and this influenced the extent to which finances were being merged and treated as a collective resource. Other factors included the couple's current living arrangements and beliefs about the importance of sharing and independence within the relationship.     

Money, power and inequality within marriage

The growing body of research on the intra-household economy suggests that in couple households there are significant associations between control over household finances and more general power within the household. However, most earlier research has been based on relatively small samples. Here a major new British data set, produced by the Social Change and Economic Life Initiative, is used to examine the relations between money, power and inequality within marriage. Six different systems of financial allocation are identified. The results suggest that even when couples nominally pool their money, in practice either husband or wife is likely to control the pool. In only one fifth of couples was the pool jointly controlled, but these households were characterised by the highest levels of equality between husband and wife in terms of decision making, experience of deprivation and access to personal spending money. Findings from the study indicate a complex pattern of relationships between household income level, household allocative system and gender. Female control of finances, though it was associated with greater decision-making power for women, did not protect them against financial deprivation; however, male control of finances, especially when it took the form of the housekeeping allowance, did serve to protect the financial interests of men in comparison with women. Gender inequality was least in households with joint control of pooled money and greatest either in low income households or in higher income households with male control of finances.     

Perceptions and Practices in Independent Management: Blurring the Boundaries Between “Mine,” “Yours” and “Ours”

Research suggests that couples categorized as practicing independent management (IM) have a high level of independence and separateness regarding financial matters. However, this interview study showed that the boundaries between “yours” and “mine” regarding money, finances and consumption are blurred in couples categorized as IM. The blurring of boundaries reflected participants’ understandings of what it means to be in a committed couple relationship and the difficulties associated with having joint expenses and consumption while lacking a "common purse." The study indicated that couples might be less individualistic and private than the label IM suggests and that the practices of those categorized as using IM are varied and complex.     

The Relationship of Divorced Adult Children With Their Elderly Parents

Some 93 divorced adult children of elderly parents, 69 women and 24 men aged 44.4 years, were interviewed in depth concerning their interpersonal and helping relationships with elderly parents. The great majority still felt close to their parents and had a compatible relationship with them, with little conflict. Most helped parents out of love and a desire to protect them from need, but found lack of money and time their most severe problems in helping. Although present costs of helping were low, most adult children felt future help would be limited by job and other responsibilities. Implications for social services are discussed.     

Perceptions of Financial Well-Being among American Women in Diverse Families

This study investigated the financial well-being of American women using data from a nationwide web survey of 368 women between the ages of 30 and 65 with household incomes of at least $40,000. Specifically, we examined perceptions of financial well-being among women with and without children who lived in different family forms including marriage, cohabitation, stepfamilies, as well as women who were single. The majority of women reported they had conservative buying behaviors, desired financial independence, had a somewhat negative view of their current financial situation, had worries about retirement and their financial futures, and considered long-term care insurance a necessity. Women in nontraditional families (single mothers, cohabitors, and stepfamilies) had significantly greater worries about their financial futures than women in first marriages. Single mothers were less likely to say that they had their financial house in order and were more likely to express concern that their money would not last through retirement. Cohabiting women were significantly more likely to express fears about becoming a burden. All three groups were more likely than women in first marriages to agree that long-term care insurance is a necessity. Women who were older, were more educated, had higher income, and who contributed more money to the household income had more positive perceptions of their financial situation.     

Gender equality in ‘the most equal country in the world'? Money and marriage in Sweden1

This article analyses how Swedish couples perceive the sharing of money and consumption between themselves and their partner. Interviews were conducted with ten Swedish married couples. Each spouse was interviewed separately about their incomes, financial organization, patterns of consumption, views about money and decision-making. Regardless of whether they pooled their incomes or kept money separately, all were in agreement about the importance of equal sharing and access to money and consumption. Despite stated goals of gender equality, however, consumption was not perceived as being shared equally. Two factors central to understanding this were the ways that daily finances were managed and the fact that women had responsibility for the daily finances of the family. Another important aspect was the ways that items of consumption were defined. Food and children's clothes were areas that were in a ‘grey zone’ regarding which money was used to pay for them, and they often fell to the woman. This practical responsibility and associated awareness of the family economy serve as obstacles to women's sense of entitlement and access to money for personal discretionary spending, a problem not experienced by men.     

Relationship power,decision making,and sexual relations: an exploratory study with couples of Mexican origin

This study explored how couples of Mexican origin define power in intimate relationships, what makes men and women feel powerful in relationships, and the role of each partner in decision making about sexual and reproductive matters. Interviews were conducted with each partner of 39 sexually active couples and data were analyzed using content analysis. Results indicate that power is perceived as control over one s partner and the ability to make decisions. Women say they feel more powerful in relationships when they make unilateral decisions and have economic independence. Men feel powerful when they have control over their partner and bring home money. Respondents agreed that women make decisions about household matters and children, while men make decisions related to money. Findings indicate that whereas couples share decision making about sexual activities and contraceptive use, men are seen as initiators of sexual activity and women are more likely to suggest condom use.     

Relationship power,decision making,and sexual relations: An exploratory study with couples of Mexican origin

This study explored how couples of Mexican origin define power in intimate relationships, what makes men and women feel powerful in relationships, and the role of each partner in decision making about sexual and reproductive matters. Interviews were conducted with each partner of 39 sexually active couples and data were analyzed using content analysis. Results indicate that power is perceived as control over one's partner and the ability to make decisions. Women say they feel more powerful in relationships when they make unilateral decisions and have economic independence. Men feel powerful when they have control over their partner and bring home money. Respondents agreed that women make decisions about household matters and children, while men make decisions related to money. Findings indicate that whereas couples share decision making about sexual activities and contraceptive use, men are seen as initiators of sexual activity and women are more likely to suggest condom use.     

Couples,Money, and Expectations: Negotiating Financial Management Roles to Increase Relationship Satisfaction

How couples handle money has become a popular subject among scholars, practitioners, and the popular press. However, little is known about how finances should be treated within a clinical context. This study examined the financial management roles in which couples participate and their satisfaction level with these roles as well as couples' communication tactics surrounding money and their impact on relationship and financial satisfaction. Results suggested that having shared goals and values about money were a stronger predictor of relationship satisfaction than were communication strategies. In addition, satisfaction with one's financial management role participation may be more important than self-reported financial management roles each partner performs. In this study, financial management roles included 19 areas, including responsibilities such as bookkeeping, financial decision-making, and taxes.     

Love and Money: Reducing Stress and Improving Couple Happiness

A love and money curriculum was developed to guide couples through conversations about the role money plays in their relationships. Thirteen couples participated in the 5-week study. Physiological stress was measured during each of the five meetings. Couples’ satisfaction, attitudes, and behaviors were evaluated with pre-and post-surveys. Findings indicate that couples experienced a reduction in the stress finances put on their relationship and increased happiness with their financial situation, communication, and household responsibilities. Implications for more wide-spread application of the curriculum are provided as a way of talking about money with couples.     

Financial Integration and Relationship Transitions of Young Adult Cohabiters

Despite increasing rates of pre-marital cohabitation, the majority of research on household financial practices in the United States has focused on married couples. This study explored ways young adult cohabiters (N = 691) financially combined their lives and the associations with subsequent relationship outcomes. Results indicated cohabiters were intertwining credit histories and bank accounts, and acquiring assets such as purchasing homes together. Sharing a mortgage was associated with an increased likelihood of marriage, whereas joint credit card accounts increased the odds of dissolution. Cohabiters with an intent to marry were much more likely to start integrating their finances prior to marriage. This study sheds light on the heterogeneous ways that a recent cohort of young adult couples manages their finances and navigates relationships.     

Extreme Financial Strain: Emergent Chores,Gender Inequality and Emotional Distress

This qualitative study examines the gendered division, and emotional effects, of household financial labor among severely indebted couples prior to filing consumer bankruptcy. Interviews with 19 newly bankrupt couples in Spokane, Washington, illustrate how, before bankruptcy, the peripheral and mundane chore of paying bills transforms into multiple arduous core chores: micro-management of money, debt collector negotiations, and researching and deciding to file bankruptcy. These newly emergent low-control chores are gendered and the wives’ responsibility. Gendering occurs for two reasons. Some women retain responsibility for emergent chores because husbands exhibit financial irresponsibility. Others request their husbands’ assistance, but the men refuse because the financial chores are upsetting or bothersome. Many wives who manage the newly emergent financial chores experience negative emotional effects.     

Living Together and Eating Together: Changes in Food Choice and Eating Habits during the Transition from Single to Married/Cohabiting

In 1995 we recruited twenty-two heterosexual couples from Edinburgh and Glasgow to examine the changes which took place in their eating habits and food related activities when they began to live together. Semi-structured interviews were carried out three months before and after moving-in dates and on each occasion both men and women were interviewed separately. Both felt that eating together had a symbolic importance when they set up home together and most couples made efforts to eat a main meal together most evenings, while shopping and eating patterns tended to become more regular and formalised than they were at the pre-marriage/cohabitation stage. In a small majority of cases the women were mainly responsible for buying and preparing food. A significant difference between these women and those of other, earlier studies is that they tended to be less deferential to their husbands' food choices. However, associations between women, food and nurturing were evident in the efforts women made to improve their husbands' diets. Where food purchase and preparation were shared, so was choice of food. The goal of enjoying food together was achieved by learning, influence and compromise but no significant gendering of power in food choice was identified.     

Relationship Quality and Stability in Couples When One Partner Suffers From Borderline Personality Disorder

The main goal of the present study was to examine and compare the psychosocial functioning of 35 couples including a woman diagnosed with borderline personality disorder (BPD) to that of a nonclinical control sample of 35 couples. The BPD status of women from the clinical group and the prevalence of personality disorder in their partner were ascertained through the SCID-II. Participants completed self-report measures of couple functioning. A majority of couples in which the woman suffered from BPD (68.7%) evidenced frequent episodes of breakups and reconciliations and, over an 18-month period, nearly 30% of these couples dissolved their relationship. Nearly half of the men involved in a romantic relationship with a woman suffering from BPD met criteria for one personality disorder or more. As compared with nonclinical couples, clinical couples showed lower marital satisfaction, higher attachment insecurity, more demand/withdraw communication problems, and higher levels of violence.     

Good personal finances or a strong social capital—on different life conditions of importance for an active life when becoming alone in old age

Becoming alone in old age can be a decisive life event that brings major changes depending on various causes as health status, financial resources, family situation, and available welfare services. This article discusses the situation of older people in Sweden who have transitioned from a two-person to single-person household in recent years and what impact this might have on their everyday lives. Through in-depth interviews with 18 older people, age 67–90, their experiences about life conditions and opportunities were examined. Findings showed large differences between the men and women. They all tried to live as they always had done and they used the same personal life strategies that they always had. But the men could live as before on their own financial merits, while the women needed assistance from children, grandchildren and the welfare system. Transportation options were central and clearly related to both private economy and social services available. Shortcomings in the welfare state's way of caring for the elderly were clearly uncovered. The gap between social policy promises of opportunities for autonomy and independence to live an active life in old age and the everyday reality for older people still seems to be wide.     

Living and loving with dementia: Negotiating spousal and caregiver identity through narrative

In this paper, we examine how Alzheimer's disease and related disorders (ADRD) affect caregivers' perceptions of change in the identity of their afflicted spouse and the ways in which accompanying changes in caregiver identity influence intimate relations. We also explore how gender shapes the ADRD caregiving experience among married couples, specifically, the extent to which intimate relations are also gendered relations. The study group was comprised of spousal caregivers recruited from support groups in the two Midwestern states and from the Alzheimer's Disease Center (ADC) at a large Midwestern university hospital. In-depth interviews were conducted with 13 men and 15 women whose spouses had ADRD. The intensive interviews confirmed that identity change on the part of sick spouses had important implications for intimacy, although not always in adverse ways. The majority of caregiver husbands and wives reported diminished intimacy as a result of the ADRD. Many men and women believed they would retain feelings of closeness to their afflicted spouses as long as they were alive. Wives were more likely than husbands to report that changes in their spouses' identity altered how they identified themselves within their marriage. This has important implications for intimate relations between people with ADRD and those who care for them. Our findings suggest that caregiving and intimacy are very different experiences for men and women, and point to the need for caregiver education and support.     

Changes in financial status influencing level of satisfaction in households

This study explores the impact of changes in family financial status over a four year period on level of satisfaction with various aspects of household finances. Data were collected through personal interviews with 123 families in 1982 and 1986. Information was obtained on household income, assets, liabilities, and on the satisfaction of the money managers with seven aspects of household finances. Two-tail pairedt-tests were used to compare differences in financial and satisfaction variables between the two time periods. Regression analyses were applied to ascertain factors affecting the satisfaction of the money managers. The financial status of households improved during the 4 year period as reflected by net worth. The mean net worth, with and without real estate, increased significantly during this time period. In spite of this improvement, money managers are less satisfied with various aspects of their household finances.This research was supported by the Iowa Agriculture and Home Economics Experiment Station Project No. 2773 (Journal Paper No. J-13098).Tahira K. Hira is a Professor and Alyce M. Fanslow is a Distinguished Professor in the College of Family and Consumer Sciences; Patricia Titus is an Instructor in the College of Education; all are at Iowa State University, Ames, IA 50011-1120. Dr. Hira's research interests include consumer bankruptcies and various aspects of household economic well-being Dr. Fanslow's and Dr. Titus' research interests include competencies of household money managers.     

The Power and Limits of Marriage: Married Gay Men's Family Relationships

Same‐sex marriage has received much scholarly attention in the United States in the past decade. Yet we know little about how same‐sex couples experience marriage. In this article, I present findings from in‐depth interviews with 32 legally married gay men in Iowa. I focus on their experiences with families of origin and investigate the legitimating potential of same‐sex marriage. The men had high expectations about the power of marriage to help them gain recognition and support, but their experiences with family members were more varied and complex than they expected. Although marriage often led to positive family outcomes, it also commonly had negative consequences, including new and renewed experiences of family rejection. This study complicates ideas about the legitimating potential of marriage for same‐sex couples by illuminating both its power and limits in helping gay men gain status and support from their families of origin.