Question

In: Psychology

Explain how financial status impacts marital stability. What other factors are associated with a couple’s financial...

Explain how financial status impacts marital stability. What other factors are associated with a couple’s financial status?

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Expert Solution

Financial status can have a huge impact on marriage stability. Financial status is the relative in terms of the financial status of an individual before getting involved in a marriage and their financial status after commencement of the marriage. Finance is one of the building blocks which help in maintaining a marriage stable by providing with necessary resources to operate daily activities; it affects the fulfillment of need of not only the couple who is married but also the people who are associated with them. Factors which are also associated with a couple financial status are, independency of the individuals involved in a marriage because if a single individual is responsible for the production of resources for the whole family, then automatically they may become the deciding personal for the family. other than this when a marriage faces financial instability, the corporation by the other individual in the relationship to take control of the situation can represent the strength of a marriage institution for example if one of the individuals has lost his or her job then the other should be morally and financially supportive by cutting costs and compromising on extras.

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