Abstract
Previous studies suggest that financial distress, financial management, and financial counselling can impact relationship satisfaction among married couples. Utilising a unique Financial Transparency Scale (FTS), we examine the relationship between couples’ financial transparency and their marital satisfaction. We demonstrate that couples who jointly engage in financial partnership activities, such as making joint financial decisions, financial planning, and budgeting, experience a higher level of relationship satisfaction. We additionally find a positive association between a married person’s relationship satisfaction and the degree to which their partner is financially transparent. Our ordinal regression results highlight the importance of financial trust and open financial discussions.
| Original language | American English |
|---|---|
| Pages (from-to) | 1-24 |
| Number of pages | 24 |
| Journal | Financial Planning Research Journal |
| Volume | 9 |
| Issue number | 1 |
| DOIs | |
| State | Published - Dec 2023 |
Funding
Acknowledgements We would like to thank Daniel Benjamin, Randi Sims, and Rebecca Abraham, for helpful comments and suggestions. We would also like to thank our university for awarding us a President’s Faculty Research and Development Grant (PFRDG) to help fund our research. Award ID: 335470.
Keywords
- Financial transparency
- Marital satisfaction
- Financial trust
- Social exchange theory
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