Couples Managing the Risk of Financing Long-Term Care

Amanda Barnett () and Marlene Stum

Journal of Family and Economic Issues, 2012, vol. 33, issue 3, 363-375

Abstract: This study examined the complexity of financial long-term care (LTC) decision outcomes among married couples. Supporting the theory of planned behavior, couples reported a range of consensus patterns with their financial LTC intentions and behaviors. Five newly articulated typologies of couples emerged from consensus patterns revealing that couples reported a range of financial LTC intentions and behaviors. More couples reported consensus with their financial LTC behaviors compared to intentions; financial LTC decision outcomes reflected a dynamic and on-going process; and couples were not always in agreement on their financial LTC decision outcomes. Findings reinforce the importance of family practitioners going beyond working with individuals to understanding couple-level planning for financing LTC. Copyright Springer Science+Business Media, LLC 2012

Keywords: Couples; Decision-making; Long-term care; Consensus; Theory of planned behavior (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1007/s10834-012-9298-z

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