The Correlation Between Reported Relationship Satisfaction and Financial Well-Being in Married Couples

Sophia Hall

Live Poster Session: Zoom Link

Sophia Hall

Sophia is a sophomore at Wesleyan University. She is majoring in Psychology while also completing a double minor in Art History and Economics. Sophia grew up in Brooklyn, New York and attended Brooklyn Friends School before studying at Wesleyan. While taking Applied Data Analysis, she learned how to use R to execute statistical analyses which she will use in her future studies in research methods in psychotherapy. She is working as a gallery assistant at Ezra and Cecile Zilkha Gallery and a free-lance photographer.

Abstract: Is financial well-being associated with relationship satisfaction within marriage? Financial factors often play a large role in the well-being, stability, longevity and satisfaction within married couples. There is a common belief that couples who have sufficient financial resources to meet their needs and desires, experience far less money-related stress and conflict, which impacts relationships positively. Couples who experience poverty are often found to report lower levels of marital satisfaction compared to their more financially stable counterparts. (Jones et al., 2017, p. 112). Data taken from the The U.S. National Longitudinal Survey of Adolescent Health (ADDHEALTH) through the years of 1994 and 2018 suggest that there is a statistically significant association between financial status and reported happiness in marriages, even accounting for the additional variable of self-reported, independent socio-economic status. The findings of this study are significant in researching further methods to increase marital satisfaction through strengthening financial stability.

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