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Guided by attachment theory and the Vulnerability-Stress-Adaptation model, we used three-annual-wave, dyadic data from a nationally representative sample of 1136 young-adult newlywed couples to investigate two research aims. First, we conducted a Latent Profile Analysis to identify couple-level attachment styles at Time 1 (i.e., within the first 2 years of marriage) based on the combination of husbands' and wives' attachment anxiety and attachment avoidance. Second, after conceptualizing couple-level attachment styles at Time 1 as vulnerability, we then examined whether finance-specific adaptive processes at Time 2 (i.e., 1 year after Time 1) mediated associations from couple-level attachment styles at Time 1 to marital satisfaction at Time 3 (i.e., 1 year after Time 2). Several findings are noteworthy. First, four different types of couple-level attachment styles were found. Second, for mediators, only perceived partner financial mismanagement mediated associations from couple-level attachment styles at Time 1 to marital satisfaction at Time 3. We discuss how the four different couple-level styles highlight the diversity and complexity in how the two partners' attachment anxiety and attachment avoidance combine together as well as why perceived partner financial mismanagement (i.e., the lack of adaptive processes) mediated associations between couple-level attachment styles and marital satisfaction. [ABSTRACT FROM AUTHOR]

Many countries are taking steps to establish national strategies to improve the financial well-being (FWB) of their people. However, FWB as a term is still in the infancy stage with a handful of models developed in the context of developed countries. Thus, there is a need to understand FWB from a multi-disciplinary and multi-dimensional approach to draft and implement efficient strategies, especially in the context of developing countries like India. In this study, we have performed path analysis to identify the specific constituents of financial literacy, financial behavior (FinB), and personality traits that affect the FWB (perceived and objective) of an individual in Indian context. Survey responses of 349 respondents are analyzed to empirically validate the proposed relationships using the partial least squares structural equation modeling (PLS-SEM) approach. The analysis mostly provides support to existing literature and challenges some. The findings provide support to 12 out of 17 tested effects with eight hypotheses. The understanding of pathways that lead to increased FWB of individuals has the potential to facilitate effective policy-making and designing of curriculum to support efforts of individuals toward higher FWB and responsible FinBs.

Many countries are taking steps to establish national strategies to improve the financial well-being (FWB) of their people. However, FWB as a term is still in the infancy stage with a handful of models developed in the context of developed countries. Thus, there is a need to understand FWB from a multi-disciplinary and multi-dimensional approach to draft and implement efficient strategies, especially in the context of developing countries like India. In this study, we have performed path analysis to identify the specific constituents of financial literacy, financial behavior (FinB), and personality traits that affect the FWB (perceived and objective) of an individual in Indian context. Survey responses of 349 respondents are analyzed to empirically validate the proposed relationships using the partial least squares structural equation modeling (PLS-SEM) approach. The analysis mostly provides support to existing literature and challenges some. The findings provide support to 12 out of 17 tested effects with eight hypotheses. The understanding of pathways that lead to increased FWB of individuals has the potential to facilitate effective policy-making and designing of curriculum to support efforts of individuals toward higher FWB and responsible FinBs. [ABSTRACT FROM AUTHOR]