Money, Honey if You Want to Get Along With Me: Money Management and Union Dissolution in Marriage and Cohabitation

Publication Year
2010
Abstract
Most U.S. analyses of household resource allocation ignore what couples do with their money—whether it is combined in a "common pot" or kept separate. However, there is good reason to believe that a better understanding of couples' money practices offers new insight into other family behaviors. This study uses Fragile Families and Child Wellbeing Study data (N = 1,448 couples) to analyze the association of couples' money management with subsequent union dissolution. Results show a strong association between moving money out of joint accounts, and consistently keeping money separate, and couple breakup. This association holds for married, but not for cohabiting couples.
Call Number
2007-03-FF