Family identification facilitates coping with financial stress: A social identity approach to family financial resilience

Stevenson, Clifford; Costa, Sebastiano; Wakefield, Juliet R. H.; Këllezi, Blerina; Stack, Rebecca

doi:10.1016/j.joep.2020.102271

Cited by 32 publications

(48 citation statements)

References 48 publications

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“…Essentially, the pandemic is about group psychology that entails community participation and engagement (Jetten et al 2020 ). Arguably, family identification and cohesion promote wellbeing and resilience (Stevenson et al 2020 ), which may have also positively impacted QoL. In large scale disasters, people are likely to define themselves in terms of their shared identity (Drury 2012 ).…”

Section: Discussionmentioning

confidence: 99%

Quality of Life in the COVID-19 Pandemic in India: Exploring the Role of Individual and Group Variables

Kharshiing

Kashyap

Gupta

et al. 2020

Community Ment Health J

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The role of individual variables (COVID-19 anxiety, perceived susceptibility, perceived severity, optimistic bias and personal identity) as predictors of quality of life (QoL) during the novel coronavirus or COVID-19 pandemic is explored. Impact of group related variables (identification to family, religious group and nation) on QoL is also examined. Sample comprised 305 male and female Indian respondents, aged 18 to 78 years. Standardized measures have been utilised to assess the constructs. Results revealed that QoL was significantly influenced by individual variables (COVID-19 anxiety and personal identity) and group variables (identification with family and nation). The effect of COVID-19 anxiety and personal identity as individual variables is over and above that of demographic variables on QoL. Group variables (family and national identification) significantly impacted QoL over and above the individual variables. Findings would indeed, aid in the rehabilitation and assistance of people to live in COVID-19 crisis, and thereafter.

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Section: Discussionmentioning

confidence: 99%

Quality of Life in the COVID-19 Pandemic in India: Exploring the Role of Individual and Group Variables

Kharshiing

Kashyap

Gupta

et al. 2020

Community Ment Health J

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“…Debt is an indicator of resource deficiency and negatively associated with subjective wellbeing or positively associated with financial distress (Tay et al, 2017) and psychological distresses (Brown et al, 2005). In the research literature, factors are identified to help reduce distress or improve mental health such as financial capability (Taylor et al, 2011) and family financial efficacy (Stevenson et al, 2020). Researchers also find that positive financial behaviors such as making ends meet is an important mediator to help reduce financial worry (de Bruijn & Antonides, 2020).…”

Section: Introductionmentioning

confidence: 99%

The Able Worry More? Debt Delinquency, Financial Capability, and Financial Stress

Xiao

Kim

2021

J Fam Econ Iss

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Research on the link between debt and financial stress is emerging. This study was one of the first attempts to examine the association between debt delinquency and financial stress and the moderating role of financial capability in the association. Delinquencies in three types of debts were examined: (a) mortgage, (b) credit card, and (c) student loan. With data from the 2018 U.S. National Financial Capability Study, multivariate regression results showed that payment delinquencies of mortgage, credit card and student loans were positively, while financial capability was negatively associated with financial stress. Further, surprisingly, the results implied that among consumers with debt delinquencies, financial capability may increase financial stress. If both financial capability's direct and interactive effect were considered, financial capability may decrease financial stress at much smaller rates than those without debt delinquencies. The situation was the worst among consumers with multiple delinquencies, in which the potential net effect of financial capability on financial stress was positive. The results of this study have implications for consumer financial service practices.

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“…Social identification is malleable and responsive to context and intervention (e.g., Haslam et al, 2019;Steffens et al, 2019). Both samples were, on average, ambivalent in their level of family identification and these levels were lower than in typical samples (e.g., Stevenson et al, 2020), suggesting family identification could be increased with targeted intervention. This represents a novel approach to family intervention that does not require change to trait-type constructs.…”

Section: Discussionmentioning

confidence: 89%

“…We suggest that identification with family is crucial to experiencing these health benefits. Outside the ED context, family identification has been associated with positive mental health outcomes for adolescents (Miller et al, 2017), those affected by financial distress (Stevenson et al, 2020), and those affected by intimate partner violence (Naughton et al, 2015). However, the degree to which family identification can reduce loneliness (and whether this is one of the mechanisms for its health benefits) has yet to be explored for PWED.…”

Section: Group Memberships Social Identities and Eating Disorder Rementioning

confidence: 99%

Family identification is a protective resource for people with eating disorders because it ameliorates feelings of loneliness

McNamara¹,

Wakefield²,

Cruwys³

et al. 2020

Preprint

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Families play an important role in eating disorder recovery. Recently, it has been suggested that they can ameliorate the loneliness and social isolation associated with an eating disorder. However, the psychological mechanisms through which this occurs have yet to be systematically explored. Utilising the Social Identity Approach to Health, we explore whether identification with one’s family group positively predicts health and wellbeing in people with eating disorders due to its capacity to reduce feelings of loneliness. We investigate this in two studies (N=82; N=234), one of which was conducted in the early stages of the COVID-19 pandemic. In both studies, we demonstrated that family identification protects health. This was apparent in participants reporting fewer and less severe ED symptoms, and in the context of the COVID-19 pandemic, reduced eating disorder-related impact and reduced anxiety. In both studies, these benefits were attributable to the protective role of family identification against loneliness. Our findings provide a framework for understanding in general why family is so important in treatment, including in the case of adults. It also supports the focus in treatment on the family as a group rather than as a collection of interpersonal relationships.

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Family identification facilitates coping with financial stress: A social identity approach to family financial resilience

Cited by 32 publications

References 48 publications

Quality of Life in the COVID-19 Pandemic in India: Exploring the Role of Individual and Group Variables

Quality of Life in the COVID-19 Pandemic in India: Exploring the Role of Individual and Group Variables

The Able Worry More? Debt Delinquency, Financial Capability, and Financial Stress

Family identification is a protective resource for people with eating disorders because it ameliorates feelings of loneliness

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