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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. 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.
    3. Shuang Zhang & Xingdong Feng, 2022. "Distributed identification of heterogeneous treatment effects," Computational Statistics, Springer, vol. 37(1), pages 57-89, March.
    4. 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.
    5. Angela Sorgente & Michela Zambelli & Margherita Lanz, 2023. "Are Financial Well-Being and Financial Stress the Same Construct? Insights from an Intensive Longitudinal Study," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 169(1), pages 553-573, September.
    6. Manuela Deidda, 2015. "Economic Hardship, Housing Cost Burden and Tenure Status: Evidence from EU-SILC," Journal of Family and Economic Issues, Springer, vol. 36(4), pages 531-556, December.
    7. Kristy L. Archuleta & Lloyd G. Zimmerman & Kelley K. Williams & Charlotte Shoup Olsen & Brett Coffman & Emily Burr, 2017. "Midwestern Women’s Farm Business Roles and Farm Business Financial Satisfaction: An Exploratory Study," Journal of Family and Economic Issues, Springer, vol. 38(3), pages 390-404, September.
    8. 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.
    9. 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.
    10. Hsiu-Fen Lin & Judy L. Postmus & Hongwei Hu & Amanda M. Stylianou, 2023. "IPV Experiences and Financial Strain Over Time: Insights from the Blinder-Oaxaca Decomposition Analysis," Journal of Family and Economic Issues, Springer, vol. 44(2), pages 434-446, June.
    11. Vanja Lazarevic & Elizabeth G. Holman & Ramona Faith Oswald & Karen Z. Kramer, 2016. "Relations Between Economic Well-Being, Family Support, Community Attachment, and Life Satisfaction Among LGBQ Adults," Journal of Family and Economic Issues, Springer, vol. 37(4), pages 594-606, December.
    12. 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.
    13. Xu, Yanfeng & Zhao, Qianwei & Schuler, Brittany R. & Levkoff, Sue E., 2022. "Material hardship among custodial grandparents in COVID-19 and its associations with Grandchildren’s physical and mental health: A latent class analysis," Children and Youth Services Review, Elsevier, vol. 132(C).

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