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“These Aren’t Very Good Times”: Financial Uncertainty Experienced by Romantic Partners in the Wake of an Economic Downturn

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  • Lynsey Romo

Abstract

In the wake of the economic downturn, economic uncertainty is roughly double that of the past 23 years. Research indicates married couples are uncertain about finances and financial uncertainty can adversely affect individual and relational outcomes, yet little is known about the nature of financial uncertainty and how it is manifested. Thus, this investigation relied on face-to-face interviews to uncover the financial uncertainty experienced by 40 individuals in married or cohabiting relationships. The study found financial uncertainty was largely universal regardless of participant age, marital or socioeconomic status, sex, or family background. Five types of financial uncertainty emerged from the interviews: (1) economic uncertainty; (2) management uncertainty; (3) personal uncertainty; (4) communication uncertainty; and (5) chronic uncertainty, underscoring the importance of financial communication. Copyright Springer Science+Business Media New York 2014

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  • Lynsey Romo, 2014. "“These Aren’t Very Good Times”: Financial Uncertainty Experienced by Romantic Partners in the Wake of an Economic Downturn," Journal of Family and Economic Issues, Springer, vol. 35(4), pages 477-488, December.
    • Handle: RePEc:kap:jfamec:v:35:y:2014:i:4:p:477-488
    DOI: 10.1007/s10834-014-9389-0
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    Cited by:

    1. Jing Jian Xiao & Kyoung Tae Kim, 2022. "The Able Worry More? Debt Delinquency, Financial Capability, and Financial Stress," Journal of Family and Economic Issues, Springer, vol. 43(1), pages 138-152, March.
    2. Tamara D. Afifi & Sharde Davis & Anne F. Merrill & Samantha Coveleski & Amanda Denes & Ariana F. Shahnazi, 2018. "Couples’ Communication About Financial Uncertainty Following the Great Recession and its Association with Stress, Mental Health and Divorce Proneness," Journal of Family and Economic Issues, Springer, vol. 39(2), pages 205-219, June.
    3. Fenaba R. Addo, 2017. "Financial Integration and Relationship Transitions of Young Adult Cohabiters," Journal of Family and Economic Issues, Springer, vol. 38(1), pages 84-99, March.
    4. Xiaomin Li & Melissa A. Curran & Ashley B. LeBaron & Joyce Serido & Soyeon Shim, 2020. "Romantic Attachment Orientations, Financial Behaviors, and Life Outcomes Among Young Adults: A Mediating Analysis of a College Cohort," Journal of Family and Economic Issues, Springer, vol. 41(4), pages 658-671, December.
    5. Terri Friedline & Zibei Chen & So’Phelia Morrow, 2021. "Families’ Financial Stress & Well-Being: The Importance of the Economy and Economic Environments," Journal of Family and Economic Issues, Springer, vol. 42(1), pages 34-51, July.
    6. Preston Morgan & HanNa Lim, 2020. "Depressive Symptom and Financial Conflict Relate Over Time Among Couples," Journal of Family and Economic Issues, Springer, vol. 41(3), pages 391-404, September.
    7. Lynsey K. Romo & Noah Czajkowski, 2022. "An Examination of Redditors’ Metaphorical Sensemaking of Prenuptial Agreements," Journal of Family and Economic Issues, Springer, vol. 43(1), pages 1-14, March.

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