The role of perception in the intention to change the family financial situation

The study investigates factors associated with the individual intentions to change the family financial situation of 337 farm respondents. The hypotheses are that intentions to change are influenced by (a) resource flexibility or constraints existing at the time of the decision situation, including off-farm employment, education, age, and household size, and (b) perceptual factors of perceived income adequacy, locus of control, degree of discrepancy between standard and level of the family financial situation, and dissatisfaction or satisfaction with the discrepancy. Older respondents and those experiencing more external control are less likely to intend to change. Younger respondents and those who perceive their incomes as more adequate are more likely to perceive that they have control over their situation. The lower the perceived income adequacy, the greater the discrepancy between standard and level of the family financial situation and the lower the satisfaction with the discrepancy. Significant indirect effects were consistent with theoretical expectations.Research was supported by the Minnesota Agricultural Experiment Station Projects 52-055, 52-054, and 52-058 and the Minnesota Extension Service. The authors wish to thank Jean W. Bauer, Ph.D., for research collaboration and Susan Keskinen and Cathy Schultz for research assistance.Her research interests include social, economic, and technical decision processes, discrepancies between standards and levels, and the interrelationship of work and family roles, particularly for farm women. Her Ph.D. is from Iowa State University.Her research interests in family resource management theory include social decision making processes and social decision rules, family life quality, and the economic consequences of divorce. Her Ph.D. is from Michigan State University.     

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.     

Assessing the causal relationship among communication,money management practices,satisfaction with financial status,and satisfaction with quality of life

The purpose of the study reported here is to assess the causal relationship among communication, money management practices, satisfaction with financial status, and quality of life. The data used were collected in 1986 through personal interviews. The sample size is 123 interviewees, and the unit of analysis is the household's money manager. Results show that the money managers who are more knowledgeable about financial matters, and those who are highly indebted, communicate more about money matters and report more money management activities. Satisfaction with financial status is caused mainly by economic factors (net worth and savings). The demographic factors that influence satisfaction with quality of life are marital status and household size. Satisfaction with quality of life is also predicted by income and satisfaction with financial status.This research was supported by the Iowa Agriculture and Home Economics Experiment Station Project No. 2773 (Journal paper No. 13123).Dr. Olive Mugenda is a senior lecturer Lecturer at Kenyatta University, P. O. Box 62337, Nairobi, Kenya, East Africa. Dr. Tahira K. Hira is a Professor, Department of Family Environment, Iowa State University. Dr. Alyce M. Fanslow is a Distinguished Professor, Department of Family and Consumer Sciences Education, Iowa State University, Ames, IA 50011.Drs. Mugenda and Fanslow received their Ph.D. degrees from Iowa State University, Dr. Hira received her Ph.D. degree from the University of Missouri, Columbia.Dr. Mugenda's research is in family financial management areas. Dr. Hira's research focuses on factors influencing satisfaction with households' financial status and consumer bankruptcy. Dr. Fanslow's research interest includes financial management education.     

Factors associated with expectation of household's future financial condition

Path analysis is used to examine the causal relationships among selected objective and subjective factors associated with a household's expectation of future financial condition. Results indicate that respondents who perceive the effect of changes in the external environment on their own household's financial condition as positive are younger, have higher net worth, perceive more internal control over their situation, and report that most of the changes in the external environment are positive. Respondents who are younger, have higher income, perceive more internal control over their situation, and believe the effect of changes in the external environment on their household's financial condition are positive are more likely to be optimistic about their financial future. It is important that educators and financial advisors recognize the significant role perception of being in control plays in determining expectations of future financial condition.Journal Paper No. J-15256 of the Iowa Agriculture and Home Economics Experiment Station, Project No. 2809. Data were collected in conjunction with the cooperative regional research project NC-182, Family Resource Utilization as a Factor in Determining Economic Well-Being of Rural Families. Cooperating states are Arizona, California, Illinois, Indiana, Iowa, Kansas, Michigan, and Minnesota.Her current research interests include family financial management and consumer bankruptcy; she received her Ph.D. from the University of Missouri.She received her Ph.D. from the University of Illinois; her current research interests include gender roles, family financial management, and economic well-being.She received her Ph.D. from the University of Illinois. Her research interests are economic well-being and quality of life.Her current research interests include the economic well-being of various family forms. She received her Ph.D. from the University of Illinois.     

Financial manager's perception of rural household Economie Well-Being: Development and testing of a composite measure

An index of Perceived Economic Well-Being is constructed using factor analysis and tested for reliability and validity. The index is composed of (a) perceived income adequacy, and satisfaction with (b) current total household income, (c) amount of money your family is able to save, (d) amount of current debt, (e) level of consumption, (f) amount of household net worth, and (g) resources available to meet a financial emergency. The index is used in regression analysis. Results show that financial managers perceive economic well-being more favorably if they are more satisfied with resources and with the current level of living, view the present financial situation as better compared to 5 years ago, save on a regular basis for goal(s), and have a higher income. Financial managers who report more frequent financial problems, worry more about where money would come from to pay bills, and more frequently make only minimum payments on charge accounts perceive economic well-being less favorably.Preparation of this research was supported in part by the Illinois Agricultural Experiment Station. Data were collected in conjunction with the cooperative regional research project NC-182, Family Resource Utilization as a Factor in Determining Economic Well-Being of Rural Families. Cooperating states are Arizona, California, Illinois, Indiana, Iowa, Kansas, Michigan, and Minnesota.He received his Ph.D. from the University of Illinois in 1991 with Dr. Fitzsimmons as advisor. His current research interest is economic well-being.She received her Ph.D. from the University of Illinois; her current research interests include gender roles, family financial management, and economic well-being.     

The relation of economic factors to perceived stress in mobile families

The purpose of this research is to examine the relationship between objective and subjective measures of economic well-being, amount of and satisfaction with control, and perceived stress level of subjects, who have relocated with their families within the past year. Both males and females indicate more stress if their financial condition is worse following the move than before, if their employment status is not satisfying, and when they have little control over their lives and are not satisfied with their level of control. Stress is negatively related to satisfaction with the specific aspects of economic situation studied for both males and females with limited exception.Peggy S. Berger received her Ph.D. from Pennsylvania State University. She is an Associate Professor in the Department of Consumer Sciences, Colorado State University, Fort Collins, CO 80523. Her research interests include socioeconomic issues related to geographic mobility and to gender, and work and family issues.Judith Powell received her Ph.D. from Oklahoma State University. She is a Professor of Child and Family Studies, and Head of the Department of Home Economics, University of Wyoming, Laramie, WY 82071. Her research interests include parent-child relations and effects of relocation on families.Alicia Skinner Cook received her Ph.D. from Arizona State University. She is a Professor in the Department of Human Development and Family Studies at Colorado State University, Fort Collins, CO 80523. Her research interests include grief and loss issues, family stress, and adjustment to relocation.     

Perceived stress among nonmetropolitan Utah residents

This article examines relationships between perceived stress and variables such as life events, differential economic satisfaction, health problems, and sociodemographic characteristics among respondents in three nonmetropolitan areas in Utah. The three most predictive factors related to perceived stress are economic satisfaction, life events experienced, and religion. The analysis shows an inverse partial relationship between perceived stress scores and economic satisfaction, and a positive partial relationship between the number of life events and perceived stress. Non-Mormons report higher levels of stress than Mormons. A positive but weak relationship is observed between stress and household size. Weak inverse relationships are observed between stress and a measure of household unemployment, income, and respondent's sex.Richard S. Krannich received his Ph.D. from Pennsylvania State University. He is an Associate Professor of Sociology, and Director of the Institute for Social Science Research on Natural Resources, Utah State University, Logan, UT84322-0730. His research interests include rural development processes, community change, and social responses to natural resource developments.Pamela J. Riley received her Ph.D. from Washington State University. She is currently an Associate Professor, Department of Sociology, Utah State University, Logan, UT 84322-0730. Research interests include rural family stress, the impacts of tourism on developing countries, and social aspects of on-farm water management.Ann Leffler is an Associate Professor of Sociology and Director of the Liberal Arts and Sciences Program, Utah State University, Logan, UT 84322-0730. Research interests include nonmetropolitan family stress. She received her Ph.D. from the University of California at Berkeley.     

The factors affecting a family's plan to change its financial situation

This study investigates the factors involved in changing a family's financial situation for 485 Midwestern households. High income families and those with high home equity levels have a smaller gap between their standards and levels of consumption. High income families are more satisfied with their financial situations than low income families. Those families with a large gap between their standards and levels of consumption are more dissatisfied with their financial situations. Older heads of households have higher satisfaction with their financial situations and are less likely to plan to change them. Large families are less satisfied with their financial situations than small families and are more likely to plan to change them.Sharon M. Danes is Assistant Professor and Family Resource Management Extension Specialist, Family Social Science Department, University of Minnesota, 275F McNeal Hall, 1985 Buford Avenue, St. Paul, MN 55108. Dr. Danes received her Ph.D. from Iowa State University and her current research interests include family management and family financial management.Earl W. Morris is Associate Professor, Department of Design, Housing, and Apparel, University of Minnesota, 368B McNeal Hall, 1985 Buford Avenue, St. Paul, MN 55108. Dr. Morris received his Ph.D. from Cornell University. His current research interests include rural housing.     

Women's perceived stress and well-being following voluntary and involuntary relocation

This study investigated the relationship between voluntary and involuntary relocation and women's perceptions of stress and amount of control, as well as their satisfaction with personal well-being. Results indicated that involuntary movers felt significantly less control and had lower levels of satisfaction with the relationship with their spouses than did voluntary movers. Educational level and employment status were also explored in relation to the dependent variables. Women with high school/trade school education had significantly higher levels of perceived stress, feelings of less control, and lower levels of satisfaction with family life than women with more education.This paper was supported by the Colorado State University and University of Wyoming Experiment Stations and published as Scientific Series Paper No. 290.Paula P. Makowsky received her M.S. from Colorado State University. She is currently a Counselor, Catholic Social Services, Phoenix, AZ.Alicia Skinner Cook is a Professor, Department of Human Development & Family Studies, Colorado State University, Ft. Collins, CO 80523. Her research interests include grief and loss issues related to relocation. She received her Ph.D. from Arizona State University.Peggy S. Berger received her Ph.D. from Pennsylvania State University. She is an Associate Professor, Department of Consumer Science & Housing, Colorado State University, Ft. Collins, CO 80523. Her research interests include socioeconomic issues related to geographic mobility and to gender.Judith Powell received her Ed.D. from Oklahoma State University. She is a Professor, Child & Family Studies, and Head, Department of Home Economics, Division of Home Economics, University of Wyoming, Laramie, WY 82071. Her research interests include parent-child relations and effects of relocation on families.     

Home-based employment: Historical and current considerations

The purposes of this article are threefold. First, there is a brief review of current and historical research on home-based business with special emphasis on female home-based employment and the impact of such employment on family life. Second, a conceptual model for family work activities is advanced. Finally, concepts related to home-based employment that could be used to frame and describe the empirical study are specified.This article reports results from the Cooperative Regional Research Project, NE-167, entitled At-Home Income Generation: Impact on Management, Productivity and Stability in Rural/Urban Families, partially supported by the Cooperative States Research Service, U. S. Department of Agriculture and the Experiment Stations at the University of Hawaii, Iowa State University, Lincoln University (Missouri), Michigan State University, Cornell University (New York), The Ohio State University, The Pennsylvania State University, Utah State University, and the University of Vermont.Her research interests include measuring household production, at-home income generation, and rural families. She received her Ph.D. in Family and Consumer Economics from the University of Missouri-Columbia.Her research interests include home-based business and consumer behavior. She received her Ph.D from Virginia Polytechnic Institute and State University.Her research interests include consumer behavior and family economic issues. She received her Ph.D. from Virginia Polytechnic Institute and State University.     

Stress and coping of adults and young adults in economically uncertain rural areas

This paper discusses the degree and type of stress experienced by adults and young adults, coping strategies used, and their family, financial, and community satisfaction in economically distressed rural counties. Data were analyzed from questionnaires completed by 447 adults and 118 young adults. Results indicate greater perceived stress, use of some less effective coping strategies, and less satisfaction among young adults. Both groups indicate similar numbers of stressful events and a generally positive perception of community social services.Dorothy Z. Price received her Ph.D. from Michigan State University. She is a Professor, Department of Child & Family Studies, Washington State University, Pullman, WA 99164-2010. Research interests include decision-making and consumer behavior.Lonnie J. Dunlap, M.A. is a Graduate Research Assistant, Interdisciplinary Ph.D. Program, Department of Child & Family Studies, Washington State University, Pullman, WA 99164-2010. Research interests include work and family interactions and career development.     

Financial management: Development of scales

This study is a contribution to the development of family resource management scales, specifically financial management scales. Principal axis factor analysis, with varimax rotation, is used to assess underlying relationships in 23 family resource management variables related to time and money resources. Reliability and content, construct, and criterion-related validity of the scales are assessed. Two scales that are reliable and have some degree of validity are developed: frequency of financial problems and frequency of financial management. The scales could be used in future research, teaching, or counseling to organize financial management concepts.Preparation of this research was supported in part by the Illinois Agricultural Experiment Station. Data were collected in conjunction with the cooperative regional research project NC-182, Family Resource Utilization as a Factor in Determining Economic Well-Being of Rural Families. Cooperating states are Arizona, California, Illinois, Indiana, Iowa, Kansas, Michigan, and Minnesota.She received her Ph.D. from the University of Illinois; her current research interests include gender roles, family financial management, and economic well-being.Her current research interests include family financial management and consumer bankruptcy. She received her Ph.D. from the University of Missouri.Her current research interests include the economic well-being of various family forms. She received her Ph.D. from the University of Illinois.She received her Ph.D. from the University of Illinois. Her research interests are economic well-being and quality of life.     

The determinants of worry over chronic health condition for rural couples

This study investigates the determinants of chronic health conditions that worry the member of rural couples who serves as the household financial manager. A sample of 1,115 rural couples from the NC-182 regional research project Family Resource Utilization as a Factor in Determining Economic Well-Being of Rural Families is used. The logit analysis finds that the probability of having a condition that worries the financial manager increases if she or he is middle aged or older, is not employed, and has external Locus of Control. This probability also increases when the dissatisfaction with the resources available to handle a financial emergency increases and the more often the financial manager does not have money to pay for the doctor.Preparation of this research was supported in part by the Minnesota Agricultural Experiment Station project 52–056 and the Minnesota Extension Service. Data were collected in conjunction with the cooperative regional research project NC-182, Family Resource Utilization as a Factor in Determining Economic Well-Being of Rural Families. Cooperating states are Arizona, California, Illinois, Indiana, Iowa, Kansas, Michigan, and Minnesota.Her current research interests include the economic well-being of various family forms. She received her Ph.D. from University of Illinois.Her current research interests include family financial management and consumer bankruptcy. She received her Ph.D. from the University of Missouri.Her current research interests include issues concerned with family stress management including financial stress. She received her Ph.D. at Michigan State University.Her current research interests include economic and environmental well-being for families and individuals with emphasis on the impact of environmental regulations on economic well-being. She received her Ph.D. from University of Illinois.His current interests include economic well-being of rural families. He was a research assistant for Dr. Bauer before receiving his Ph.D. degree in Agriculture and Applied Economics, University of Minnesota, St. Paul, MN.     

Stress in two-generation farm and ranch families

Family relations and economic issues may predict stress in two-generation farm families. Marital adjustment, length of time married, income satisfaction, and number of household dependents are examined as predictors of stress for each family member (i.e., separately for each member) using multiple regression analyses. The model is significant for fathers with marital adjustment, length of time married, and income satisfaction significantly contributing to fathers' stress. The model is not significant for mothers, sons, or daughters-in-law; but income satisfaction is significantly related to stress for mothers. Implications for researchers and practitioners are discussed.Support for this research was provided by the Montana Agricultural Experiment Station Grant No. MONB00266 and is part of the AES Western Regional Project W-167.Stephan M. Wilson is an Associate Professor in the Department of Family Studies and is the Director of the Center for Kentucky Children & Families Research, University of Kentucky, 107 Erikson Hall, Lexington, Kentucky 40506-0050. His research interests include family stress, rural families, parent-adolescent relations, and adolescent development. He received his Ph.D. from the University of Tennessee, Knoxville in 1985.Ramona Marotz-Baden is a Professor, Department of Health and Human Development, Montana State University, Herrick Hall, Bozeman, MT 59717. Her research interests include family stress, work and the family, retirement and succession in family-owned business, and dual-earner families. She received her Ph.D. from the University of Minnesota in 1970.David Holloway is the Outreach Coordinator for Aspen Crest Hospital, 1970 East 17th Street, Suite 119, Idaho Falls, ID 83404. His interests include marriage and family therapy, parent-child relations, and family development through the lifespan. He received his M.S. in Marriage and Family Therapy from Montana State University in 1987 and M.Ed. in Guidance and Counseling from the University of Idaho in 1985.     

Satisfaction with home-based employment

Using data from nine state regional research project on at-home income generation, the relationships of three satisfaction variables to demographic and work situation variables of 899 household managers in households with home-based employment are investigated. The satisfaction variables include quality of life, family income, and control over everyday life. The majority of households are satisfied with their quality of life and control over life although only moderately satisfied with income. One variable is related to the three satisfaction variables, the wage earner's control over the amount of work done in a day.This paper reports results from the Cooperative Regional Research Project, NE-167, entitled, At-Home Income Generation: Impact on Management, Productivity and Stability in Rural and Urban Families, partially supported by Cooperative States Research Service, U.S. Department of Agriculture, and the Experiment Stations at the University of Hawaii, Iowa State University, Lincoln University (Missouri), Michigan State University, Cornell University (New York), The Ohio State University, The Pennsylvania State University, Utah State University, and the University of Vermont. This article was accepted in 1992 under the editorship of Charles B. Hennon.Her research interests include evaluation of teaching/learning, program evaluation, and entrepreneurship. She received her Ph.D. from Cornell University.     

Family use of community services in economically stressed rural counties

This study focuses on stresses, coping strategies, and satisfactions of respondents in eight economically distressed rural counties in the state of Washington. An adult sample is divided into two groups: those who indicate specific economic problems and/or are unemployed (n=236) and those who are still employed and do not report specific economic stresses (n=190). Although those with specific economic problems show higher levels of perceived stress and financial dissatisfaction, there are no differences reported in over-all family satisfaction. Results point to the importance of providing specific employment-related community services to family members in these types of communities.Dorothy Z. Price, Ph.D. is a Professor in the Department of Child and Family Studies, Washington State University, Pullman WA 99164-2010. Her research interests include decision making and consumer behavior. She received her Ph.D. from Michigan State University.Lonnie J. Dunlap, M.A., is a Graduate Research Assistant in the Interdisciplinary Ph.D. Program, Washington State University, Pullman, WA 99164-2010. Her research interests include work and family interactions and career development.     

Racial wage differentials among young adults: Evidence from the 1990s

This study seeks to decompose wage differentials between black and white male young adults into those related to labor market discrimination and those resulting from human capital endowments. The importance of testing for significant differences in wage equations before conducting decomposition analysis is emphasized. Study results demonstrate that ignoring correction for the sample selection bias resulting from black-white differences in the probability of being employed would lead to an underestimation of the size of wage differentials. The study also shows that the results of models based on different assumptions regarding the nondiscriminatory wage structure might lead to different conclusions pertinent to the extent of labor market discrimination. Implications for public policy development are discussed. His current research interests include consumption economics, income distribution, and international comparative analyses of households' resources allocation. He received his Ph.D. from the University of Missouri at Columbia. Her current research interests include family financial distribution and wellbeing and individual and family resource management. She received her Ph.D. from Iowa State University.     

Family/work roles' relation to perceived stress: Do gender and ethnicity matter?

This exploratory research examines whether gender and ethnic differences exist in family- and work-related variables that best predict perceived stress. The Anglo male (N=115) and female (N=199) and Mexican-American male (N=35) and female (N=85) respondents each had the roles of employee, spouse, and parent. Data were collected by mail questionnaire from state-classified employees at the three land-grant universities in Colorado, New Mexico, and Wyoming as part of Cooperative Regional Research Project W-167. Regression analysis indicates that role overload is a significant predictor of stress for Anglo males and females and Mexican-American females, thus providing some support for the role strain theory, which suggests that increasing the number of roles drains personal resources and may increase stress. Satisfaction with family roles enters regression equations as significant predictors for two sample groups. Other variables enter only one of the four regression equations; thus ethnicity and gender differences are found in the variables predicting perceived stress and should be considered in future research in this area. The research was funded by the Colorado, New Mexico, and Wyoming Agricultural Experiment Stations as part of Cooperative Regional Research Project, W-167, “Work, Stress, and Families.” Her research interests include issues related to balancing work and family and to family resource management. She received her Ph.D. from Pennsylvania State University. Her research interests include grief and loss issues and family support systems. She received her Ph.D. from Arizona State University. His research interest is minority families, and his Ph.D. is from Florida State University. Her research interest is Latino family functioning. Her Ph.D. is from New Mexico State University. His research interest is human resource development emphasizing ranching families. He received his Ph.D. from Iowa State University.     

Home-based workers: Worker and work characteristics

The purpose of the study reported here is to describe the worker and work characteristics of 899 home-based business owners and wage earners, using a definition that excludes farmers, hobbyists, and persons taking work home from a job located elsewhere. Contrary to predictions by futurists of an influx of white-collar workers from the office to home, the home-based workers in this research are more likely to be marketing and sales persons, contractors, or mechanical and transportation workers. Full- or part-time employment status, home tenure, seasonality of work, and occupation are significantly associated with ownership status. Findings show significant group differences on age, education, years in the community, household size, and net annual home-based income. Business owners, on average, are older, have less education, come from larger households, have lived in their communities more years, and have lower net annual home-based incomes than their wage earner counterparts.This article reports results from the Cooperative Regional Research Project, NE-167, entitled, At-Home Income Generation: Impact on Management, Productivity and Stability in Rural and Urban Families, partially supported by Cooperative States Research Service, U.S. Department of Agriculture and the Experiment Stations at the University of Hawaii, Iowa State University, Lincoln University (Missouri), Michigan State University, Cornell University (New York), The Ohio State University, The Pennsylvania State University, Utah State University, and University of Vermont. Appreciation is expressed to Ana Marie Vargas and Johnny M. H. On for their assistance with the computer analyses, and to Florence Abe, Laraine Hoffman, and Meesok Lee for their help in the final preparation of this article. The authors acknowledge the patience and helpful suggestions of two anonymous reviewers.Her current research interests include home-based employment, multiple farm income families, and computer-based education. She received her Ph.D. from Oregon State University.Her current research interests include home-based employment, economic adjustments of farm families, and the interrelationship of management to an individual's quality of life. She received her Ph.D. from Purdue University.Her primary areas of research are rural households, the impact of employment on a family, learning theories as applied to financial education, retirement, and home-based employment. She received her Ph.D. from The Pennsylvania State University.     

The roles of role strain,economic resources and time demands in explaining mothers' life satisfaction

Time diary and questionnaire data from mothers who are full-time homemakers, members of dual-earner households, and heads of single-parent households are analyzed to determine the influence of family structure, economic resources, and time demands on their life satisfaction. The multivariate analysis reveals that family structure is moderately related to mothers' satisfaction with progress in life but not to satisfaction with life as a whole. Mothers' satisfaction with life as a whole does vary with their life cycle stage, economic situation, and their use of time.Her research interests include time use of household members and CADD education for interior design students. She received her Ph.D. from Michigan State University.Her research assesses the impact of household composition changes on economic well-being. She received her Ph.D. from Cornell University.