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Family responses to resource scarcity
A R Shaheen Hosany1, Rebecca W Hamilton2
1School of Business and Management, Royal Holloway, University of London, TW20 0EX Surrey, UK.
Families facing resource scarcity adjust consumption and investment based on available resources and support networks. Collective goals and negotiations influence their flexibility in managing limited time, money, or space.
Area of Science:
- Family Studies
- Sociology
- Consumer Behavior
Background:
- Resource scarcity (time, money, space) is common in families.
- Life events can create a mismatch between needed and available resources, leading to scarcity.
Purpose of the Study:
- To develop a framework explaining how families respond to resource scarcity.
- To understand the patterns of adjustment in consumption and resource investment.
Main Methods:
- Qualitative study using in-depth interviews.
- Data collected from 30 families across diverse backgrounds.
Main Results:
- Identified patterns of consumption and resource investment adjustments over time.
- Family flexibility is influenced by chronic resources and support networks.
- Collective goals, control, and negotiations shape family responses.
Conclusions:
- Families employ varied strategies to cope with resource scarcity.
- Interpersonal dynamics significantly impact resource management within families.
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