Related Experiment Video
Updated: Dec 11, 2025
06:04
Functional Near-Infrared Spectroscopy Hyperscanning Study in Psychological Counseling
Published on: January 17, 2025
1.1K
Debt Concordance and Relationship Quality: A Couple-Level Analysis.
1Department of Consumer Sciences, University of Wisconsin-Madison, Madison, WI 53706.
Journal of Family and Economic Issues
|August 25, 2020
Summary
Couple agreement on household credit card debt is common. Debt concordant couples report higher relationship satisfaction, even when considering financial practices and relationship factors.
Area of Science:
- Social Sciences
- Psychology
- Economics
Background:
- Limited research exists on couple-level financial agreement and its impact on relationship quality.
- Understanding financial concordance is crucial for assessing relationship outcomes.
Purpose of the Study:
- To examine the association between financial concordance on consumer debt and relationship quality.
- To investigate the influence of financial management practices on this association.
Main Methods:
- Hierarchical linear modeling (HLM) was applied to couple-level data.
- Data were sourced from the Marital and Relationship Survey (MARS), including 435 married and cohabiting couples with children.
Main Results:
- 55% of couples agreed on their outstanding credit card debt amount.
- Debt concordant couples exhibited greater relationship satisfaction, independent of debt amount, financial management, and relationship characteristics.
- Financial disagreements weakened the link between debt concordance and relationship quality.
Conclusions:
- Financial concordance on consumer debt is linked to higher relationship satisfaction.
- Objective financial measures are important for evaluating relationship quality.
- Addressing financial disagreements may strengthen the relationship between financial agreement and relationship quality.
More Related Videos
11:09RBDT: A Computerized Task System based in Transposition for the Continuous Analysis of Relational Behavior Dynamics in Humans
Published on: July 17, 2021
3.3K
09:00Author Spotlight: Validation of SICOLE-R for Assessing Cognitive and Reading Skills in Spanish-Speaking Children and Its Role in Personalized Education
Published on: August 16, 2024
1.1K
Related Concept Videos
01:26Social Exchange Theory
223
As formulated by John Thibaut and Harold Kelley, Social Exchange Theory explains human relationships as economic-like exchanges that maximize rewards and minimize costs. This theory suggests that individuals engage in relationships to gain benefits and reduce burdens, similar to economic transactions. It has been widely applied to various types of relationships, including romantic, professional, and social interactions.Rewards and Costs in RelationshipsRelationship rewards include emotional...
223
02:06Social Exchange Theory
39.3K
We have discussed why we form relationships, what attracts us to others, and different types of love. But what determines whether we are satisfied with and stay in a relationship? One theory that provides an explanation is social exchange theory. According to social exchange theory, we act as naïve economists in keeping a tally of the ratio of costs and benefits of forming and maintaining a relationship with others (Rusbult & Van Lange, 2003).
39.3K
01:26Equity Theory
162
Equity theory explains how our sense of fairness influences the dynamics of close relationships. Rooted in social psychology, the theory posits that individuals evaluate fairness by comparing the ratio of their contributions to the rewards they receive. Relationship satisfaction is highest when these ratios are perceived as balanced between partners, promoting mutual reciprocity and a sense of justice.Equity vs. Equality in RelationshipsEquity is distinct from equality. Fairness does not...
162
02:12Relationship Formation
45.1K
What do you think is the single most influential factor in determining with whom you become friends and whom you form romantic relationships? You might be surprised to learn that the answer is simple: the people with whom you have the most contact. This most important factor is proximity. You are more likely to be friends with people you have regular contact with. For example, there are decades of research that shows that you are more likely to become friends with people who live in your dorm,...
45.1K
02:20Correlations
35.6K
Correlation means that there is a relationship between two or more variables (such as ice cream consumption and crime), but this relationship does not necessarily imply cause and effect. When two variables are correlated, it simply means that as one variable changes, so does the other. We can measure correlation by calculating a statistic known as a correlation coefficient. A correlation coefficient is a number from -1 to +1 that indicates the strength and direction of the relationship between...
35.6K
01:29Self-Discrepancy and Its Effects
184
Self-discrepancy theory explains how people compare their actual self to their ideal and ought selves and how mismatches between these self-guides can lead to emotional distress. Developed by E. Tory Higgins, the theory distinguishes among three components of self-concept: the actual self, the ideal self, and the ought self. These refer respectively to how individuals perceive themselves, how they aspire to be, and how they believe they are obligated to be. Emotional well-being, self-esteem,...
184