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Welcome to the Academy of Financial Service’s 2019 Annual Meeting being held in Minneapolis, Minnesota in conjunction with FPA’s Annual Conference 2019. This is the full agenda for AFS. For details on FPA items, visit their Full Schedule. Please report any errors to support@academyfinancial.org.
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Tuesday, October 15 • 4:30pm - 6:00pm
P107 The Impact of Social Support on Financial Satisfaction for Senior Couples

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Relationship dynamics play a role in financial satisfaction for couples. Family financial issues are consistently reported as an area of difficulty faced by married couples.  General social support has been shown to reduce the negative effects of life events. Support derived from spouse plays a key role in enhancing marital financial satisfaction. The purpose of this research is to investigate the relationship between social support types and financial satisfaction. This study utilized four social support classifications as the conceptual theoretical framework to operationalize types of social support within coupled relationships. The Health and Retirement Study served as the data source. An ordered probit model is employed to estimate higher financial satisfaction levels for older American couples. Model results revealed that three of the four social support scales were related to higher financial satisfaction. Financial planners can utilize these findings to provide effective communication interventions for improving couples’ financial satisfaction.   

Author(s): Liqin Shen, Blake Gray, Sarah Asebedo

Presenters
avatar for Liqin (Ellen) Shen

Liqin (Ellen) Shen

PhD Student/Teaching Assistant, Texas Tech University


Tuesday October 15, 2019 4:30pm - 6:00pm CDT
205 AB

Attendees (2)