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Profiles of Financial Stress Over Time Using Subgroup Analysis

Author

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  • Salem Valentino
  • Julia Moore
  • Michael Cleveland
  • Mark Greenberg
  • Xianming Tan

Abstract

This study modeled latent classes of perceived financial stress over a 6-year period in samples of African-American (N = 323) and White (N = 345) mothers. Results of latent class growth analyses (LCGA) indicated there was variability in financial stress trajectories. Four common classes were identified in both samples; however, larger proportions of African-American mothers reported moderate to very high levels of financial stress over time compared to White mothers. Conditional LCGA models indicated that income was negatively related to financial stress in both samples consistently over time. Mothers’ reports of social support and depressive symptoms were also used to predict membership in the latent classes of financial stress, controlling for income, with little demonstrated effect. Copyright Springer Science+Business Media New York 2014

Suggested Citation

  • Salem Valentino & Julia Moore & Michael Cleveland & Mark Greenberg & Xianming Tan, 2014. "Profiles of Financial Stress Over Time Using Subgroup Analysis," Journal of Family and Economic Issues, Springer, vol. 35(1), pages 51-64, March.
    • Handle: RePEc:kap:jfamec:v:35:y:2014:i:1:p:51-64
    DOI: 10.1007/s10834-012-9345-9
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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. Deborah Thorne, 2010. "Extreme Financial Strain: Emergent Chores, Gender Inequality and Emotional Distress," Journal of Family and Economic Issues, Springer, vol. 31(2), pages 185-197, June.
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    Cited by:

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    2. Brandan E. Wheeler & Jennifer L. Kerpelman & Jeremy B. Yorgason, 2019. "Economic Hardship, Financial Distress, and Marital Quality: The Role of Relational Aggression," Journal of Family and Economic Issues, Springer, vol. 40(4), pages 658-672, December.
    3. French, Declan & Vigne, Samuel, 2019. "The causes and consequences of household financial strain: A systematic review," International Review of Financial Analysis, Elsevier, vol. 62(C), pages 150-156.
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    5. Jenna T. Hayes & Angela VanBrackle & Madeleine Sigman-Grant, 2016. "Influence of Perceived Economic Strain on the Relationship Between Caregiver BMI and Child BMI," Journal of Family and Economic Issues, Springer, vol. 37(2), pages 172-181, June.
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