Financial influences impacting young adults' relationship satisfaction: Personal management quality, perceived partner behavior, and perceived financial mutuality

Dung Minh Mao, Sharon M. Danes, Joyce Serido, Soyeon Shim

Research output: Contribution to journalArticlepeer-review

5 Scopus citations

Abstract

In this study, we investigated the extent to which young adults' (n=274) personal financial management quality and perceived partner's financial behavior were associated - both directly and indirectly - with relationship satisfaction via perceived financial mutuality for those in committed relationships. The study was grounded in Social Exchange Theory (SET). A path analysis revealed that perceived partner's financial behavior had a direct association with perceived financial mutuality, which in turn had a direct association with relationship satisfaction. In contrast, the participant's financial management quality and relationship satisfaction were neither directly nor indirectly associated through perceived financial mutuality. Perceived financial mutuality had the largest effect on relationship satisfaction. These findings indicate that perceived financial mutuality plays a key role, both directly and as a mediator, on relationship satisfaction for these young adults. The implications of these findings provide insights for designing preventive financial strategies early in romantic relationships.

Original languageEnglish (US)
Pages (from-to)23-41
Number of pages19
JournalJournal of Financial Therapy
Volume8
Issue number2
DOIs
StatePublished - 2017

Bibliographical note

Publisher Copyright:
© Revista Civilistica.

Keywords

  • Finances and relationships
  • Financial behavior
  • Financial management
  • Financial values
  • Relationship satisfaction
  • Young adults

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