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Lifestyles

, Volume 10, Issue 2, pp 107–121 | Cite as

Changes in financial status influencing level of satisfaction in households

  • Tahira K. Hira
  • Alyce M. Fansiow
  • Patricia M. Titus
Article

Abstract

This study explores the impact of changes in family financial status over a four year period on level of satisfaction with various aspects of household finances. Data were collected through personal interviews with 123 families in 1982 and 1986. Information was obtained on household income, assets, liabilities, and on the satisfaction of the money managers with seven aspects of household finances. Two-tail pairedt-tests were used to compare differences in financial and satisfaction variables between the two time periods. Regression analyses were applied to ascertain factors affecting the satisfaction of the money managers. The financial status of households improved during the 4 year period as reflected by net worth. The mean net worth, with and without real estate, increased significantly during this time period. In spite of this improvement, money managers are less satisfied with various aspects of their household finances.

Key words

Family Financial Status Household Household Assets Money Manager Satisfaction 

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Copyright information

© Human Sciences Press 1989

Authors and Affiliations

  • Tahira K. Hira
    • 1
  • Alyce M. Fansiow
    • 1
  • Patricia M. Titus
    • 1
  1. 1.Iowa State UniversityUSA

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