Abstract
This study examined potential impacts of financial resources and values on emerging adults' choice in committed relationships (N = 424, 26–35 years). Guided by Deacon and Firebaugh's (1988) Family Resource Management theory, financial self-sufficiency and forming a committed relationship were conceptualized as two salient goals of emerging adulthood. Multinomial logistic regression was used to determine the effects of financial self-sufficiency, values, and personal background factors on choice of committed relationship status. Findings indicated that emerging adults with fewer financial resources chose to live apart; however, the effects of career values were a stronger predictor of their relationship status. In contrast, neither financial resources nor career values differentiated between cohabiting and married emerging adults.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 28-41 |
| Number of pages | 14 |
| Journal | Journal of Financial Counseling and Planning |
| Volume | 31 |
| Issue number | 1 |
| DOIs | |
| State | Published - 2020 |
Bibliographical note
Publisher Copyright:© Copyright 2020 Association for Financial Counseling and Planning Education, U.S.A.
Keywords
- committed relationships
- developmental goals
- emerging adults
- financial self-sufficiency
- life choices
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