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Cultural Meanings of Resource Management for Mexican–Americans

Author

Listed:
  • Sharon M. Danes

    (University of Minnesota)

  • Antonio Alba Meraz

    (University of Minnesota Extension)

  • Ashley L. Landers

    (University of Minnesota)

Abstract

Study’s purpose was to investigate distal and proximal contextual influences affecting resource decisions of Latinos of Mexican origin living in the US. Deacon and Firebaugh’s (1988) family resource management theory guided the study. Documentation status and transnationalism were primary distal influences. Primary proximal influences included strength and depth of relationship currency, family remittances to Mexico, present-time orientation, orientation to resource access, and a holistic well-being definition. Five couple work/financial patterns existed; the most prominent was where husbands worked and wives managed the money. Spousal interdependence in discussing and in making final financial decisions created resiliency in their new, challenging environment. Education for this audience needs to address literacy level, language, documentation status, relevancy and flexibility in curriculum content and educational timing.

Suggested Citation

  • Sharon M. Danes & Antonio Alba Meraz & Ashley L. Landers, 2016. "Cultural Meanings of Resource Management for Mexican–Americans," Journal of Family and Economic Issues, Springer, vol. 37(4), pages 607-623, December.
    • Handle: RePEc:kap:jfamec:v:37:y:2016:i:4:d:10.1007_s10834-015-9476-x
    DOI: 10.1007/s10834-015-9476-x
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    References listed on IDEAS

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    1. Clinton Gudmunson & Sharon Danes, 2011. "Family Financial Socialization: Theory and Critical Review," Journal of Family and Economic Issues, Springer, vol. 32(4), pages 644-667, December.
    2. Sherman Hanna & Jonghee Lee & Suzanne Lindamood, 2015. "Financial Behavior and Attitudes of Asians Compared to Other Racial/Ethnic Groups in the United States," Journal of Family and Economic Issues, Springer, vol. 36(3), pages 309-318, September.
    3. Melissa Stacer & Robert Perrucci, 2013. "Parental Involvement with Children at School, Home, and Community," Journal of Family and Economic Issues, Springer, vol. 34(3), pages 340-354, September.
    4. Plath, D. Anthony & Stevenson, Thomas H., 2005. "Financial services consumption behavior across Hispanic American consumers," Journal of Business Research, Elsevier, vol. 58(8), pages 1089-1099, August.
    5. Monika Myers, 2013. "A Big Brother: New Findings on How Low-Income Fathers Define Responsible Fatherhood," Journal of Family and Economic Issues, Springer, vol. 34(3), pages 253-264, September.
    6. Shahin Shooshtari & Carol Harvey & Evelyn Ferguson & Tuula Heinonen & Syeed Khan, 2014. "Effects of Remittance Behavior on the Lives of Recent Immigrants to Canada from the Philippines: A Population-Based Longitudinal Study," Journal of Family and Economic Issues, Springer, vol. 35(1), pages 95-105, March.
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    Cited by:

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    3. Abel Duarte Alonso & Seng Kok & Michelle O’Shea, 2018. "Family Businesses and Adaptation: A Dynamic Capabilities Approach," Journal of Family and Economic Issues, Springer, vol. 39(4), pages 683-698, December.

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