Family Well‐Being During the COVID‐19 Pandemic: The Risks of Financial Insecurity and Coping

Abstract

During the COVID‐19 pandemic, families have experienced unprecedented financial and social disruptions. We studied the impact of preexisting psychosocial factors and pandemic‐related financial and social disruptions in relation to family well‐being among N = 4091 adolescents and parents during early summer 2020, participating in the Adolescent Brain Cognitive Development SM Study. Poorer family well‐being was linked to prepandemic psychosocial and financial adversity and was associated with pandemic‐related material hardship and social disruptions to routines. Parental alcohol use increased risk for worsening of family relationships, while a greater endorsement of coping strategies was mainly associated with overall better family well‐being. Financial and mental health support may be critical for family well‐being during and after a widespread crisis, such as the COVID‐19 pandemic.

CHAMPP4KIDS: Mixed methods study protocol to evaluate acceptability and feasibility of Parenting for Lifelong Health materials in a Canadian context

“…Caregiver stress can have a significant and lasting impact on the physical and mental health of both caregivers and their children [ 79 , 80 ]. The stressors of daily life were exacerbated for caregivers and their families during the height of the COVID-19 pandemic and continue to pose challenges for many families as they cope with the long-term effects of illness, social isolation, financial pressures and other compounded stressors [ 38 , 42 , 58 ]. Evidence shows that parenting programs can improve the health and well-being of both caregivers and children [ 6 , 7 , 15 ], interventions which are needed now more than ever.…”

“…In addition to the common barriers noted above, the COVID-19 pandemic, and social protection strategies implemented to mitigate the spread of the virus, created additional barriers to service provision and families' access to community supports. The COVID-19 pandemic disrupted adult and child functioning worldwide as households and individuals were confronted with, and continue to experience, the effects of illness, financial insecurity, isolation, school closures, increased alcohol use and mental health problems, and reduced access to healthcare and social services [37][38][39][40][41][42][43][44][45], and it is widely known that COVID-19-related outcomes were more widely and severely experienced by racialized, Indigenous, rural, migrants and low income individuals and communities [46][47][48][49][50][51][52]. Community surveys show that pandemic-related stressors are also associated with decreased parenting quality [37,38,[53][54][55][56][57][58][59].…”

Data-Driven Investigation of Inflation Concerns Caused by COVID-19 Pandemic in the U.S.

“…They are either demographic/socioeconomic factors or variables relevant to economics. Mental health was not elected as extensive research has been conducted on the impact of economic hardship on mental health (refer to [10,[43][44][45][46][47][48][49][50][51][52][53] for examples). Data for difficulty with paying expenses was available earlier than data for the perception of price changes, concerns of price change, and price stress (i.e., 2 August 2021 versus 14 September 2022).…”

Expatriate managers' personal financial insecurity indirectly thwarts team innovation: The role of state learning goal orientation

“…Specifically, financial insecurity can be viewed as a salient hindrance stressor (Tsuchiya et al, 2020). It involves loss of control that constrains these managers' personal achievement and hinders their attainment of goals (Van Hootegem et al, 2022) because individuals who experience great demands on their resources are at high risk for maladaptive or avoidance coping (Gonzalez et al, 2023). Resource allocation theory underscores that individuals who face insecurity tend to choose the activity that satisfies their immediate objectives and is less costly (Bergeron, 2007).…”