Implicit and Explicit Childhood Financial Socialization: Protective Factors for Marital Financial Disagreements

Ashley Larsen Gibby (), Logan Pettit, E. Jeffrey Hill, Jeremy Yorgason and Erin Kramer Holmes
Additional contact information
Ashley Larsen Gibby: Brigham Young University
Logan Pettit: Brigham Young University
E. Jeffrey Hill: Brigham Young University
Jeremy Yorgason: Brigham Young University
Erin Kramer Holmes: Brigham Young University

Journal of Family and Economic Issues, 2021, vol. 42, issue 2, No 2, 225-236

Abstract: Abstract Research to date has shown that childhood financial socialization is significantly associated with the financial attitudes and behaviors of children, youth, and adults. However, the extent to which childhood financial socialization is connected to marital outcomes remains largely unknown. Using data from 1,473 newly married couples who participated in a nationally representative study, we examined the relationship between childhood financial socialization and reported marital financial disagreements by utilizing actor-partner interdependence structural equation models (APIM SEM). Our results suggest that implicit (i.e. parental modeling) and explicit (i.e. direct conversations or experiential learning) financial socialization significantly and negatively relate to marital financial disagreements for both men and women. Further, having a spouse who was explicitly taught about finances is significantly and negatively associated with financial disagreements, independently of one’s own explicit financial socialization. These results highlight the importance of considering marital outcomes in the financial socialization literature and suggest that childhood financial socialization is a protective factor for marital financial disagreements.

Keywords: Financial socialization; Family finance; Disagreements; Marital conflict; Parental modeling (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1007/s10834-020-09695-8 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:jfamec:v:42:y:2021:i:2:d:10.1007_s10834-020-09695-8

Ordering information: This journal article can be ordered from
http://www.springer. ... es/journal/10834/PS2

DOI: 10.1007/s10834-020-09695-8

Access Statistics for this article

Journal of Family and Economic Issues is currently edited by Joyce Serido

More articles in Journal of Family and Economic Issues from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().