The Midlife Financial Squeeze: Intergenerational Transfers of Financial Resources Within Aging Families

Remle, R. Corey

doi:10.1007/978-1-4419-7374-0_12

Cited by 13 publications

(15 citation statements)

References 50 publications

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“…As in prior research (e.g., Eggebeen & Hogan, 1990; Grundy, 2005), parents who had higher incomes or better education gave more material resources to the average offspring than lower SES parents (e.g., Johnson, 2013; McGarry & Schoeni, 1997; Remle, 2011). By contrast, for the estimate of total support to all children, lower SES parents provided more of several types of intangible support (upper income parents provided more total financial support).…”

Section: Discussionsupporting

confidence: 53%

“…Several theories also speak to the recipients' needs in determining intergenerational support. The altruism model in economics (Silverstein, ) and contingency theory in sociology posit that offspring increase support to aging parents who incur health problems in late life (Eggebeen & Davey, ; Remle, ). Likewise, support to grown children may reflect needs.…”

Section: Socioeconomic Differences In Intergenerational Supportmentioning

confidence: 99%

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“I'll Give You the World”: Socioeconomic Differences in Parental Support of Adult Children

Fingerman

Kim

Davis

et al. 2015

J of Marriage and Family

109

114

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Research has shown that parents with higher socioeconomic status provide more resources to their children during childhood and adolescence. The authors asked whether similar effects associated with parental socioeconomic position are extended to adult children. Middle-aged parents (N = 633) from the Family Exchanges Study reported support they provided to their grown children and coresidence with grown children (N = 1,384). Parents with higher income provided more emotional and material support to the average children. Grown children of parents with less education were more likely to coreside with them. Parental resources (e.g., being married) and demands (e.g., family size) explained these patterns. Of interest is that lower income parents provided more total support to all children (except total financial support). Lower income families may experience a double jeopardy; each grown child receives less support on average, but parents exert greater efforts providing more total support to all their children.

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Section: Discussionsupporting

confidence: 53%

Section: Socioeconomic Differences In Intergenerational Supportmentioning

confidence: 99%

“I'll Give You the World”: Socioeconomic Differences in Parental Support of Adult Children

Fingerman

Kim

Davis

et al. 2015

J of Marriage and Family

109

114

View full text Add to dashboard Cite

show abstract

“…Midlife adults often have more financial responsibilities (e.g. monetary support for aging parents and their children) than individuals who are younger or older (Remle, 2011). For midlife adults, income is often a major source of financial resource, whereas for younger adults and older adults, other financial resources may often be available (e.g.…”

Section: Discussionmentioning

confidence: 99%

When does money matter most? Examining the association between income and life satisfaction over the life course.

Cheung¹,

Lucas²

2015

Psychology and Aging

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Previous research shows that the correlation between income and life satisfaction is small to medium in size. We hypothesized that income may mean different things to people at different ages, and therefore, that the association between income and life satisfaction may vary at different points in the life course. We tested this hypothesis in three nationally representative panel studies. Multilevel modeling techniques were used to test whether age moderated both the within- and between-person associations. Consistent with past research, we found that individuals who earned more on average and individuals who earned more over time reported higher levels of life satisfaction. Importantly, these effects were strongest for midlife individuals (those in their 30s–50s) compared to individuals who were younger or older.

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“…Expensive transitions, such as going to university in the face of elevated educational requirements for employment and a tight labor market, highlight ambiguity and ambivalence about appropriate levels of intergenerational support from parents (who may jeopardize their own financial future) to their adult children (Remle, ). A qualitative study found that when adult children's dependence is prolonged beyond the expected stage of independence held by both parents and the adult children, ambivalence results (Descartes, ).…”

Section: Going the Distance: Multiple Levels Of Ambivalence And Theirmentioning

confidence: 99%

Exploring Ambivalence in Family Ties: Progress and Prospects

Connidis

2015

J of Marriage and Family

135

158

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The 2002 exchange on ambivalence in the Journal of Marriage and Family (Vol. 64, No. 3), published under the editorship of Alexis Walker, prompted an impressive array of research on family ties, in particular intergenerational relationships. Following a discussion of the concept's theoretical underpinnings, the author argues that advancing the concept of ambivalence rests on realizing its multilevel potential by addressing the interplay of shifting contradictions experienced by individuals and in relationships and embedded in social institutions and in macro‐level arrangements and processes. She considers progress and limitations in a critical review of predominant applications of ambivalence and then investigates research that advances ambivalence as a bridging concept across multiple levels of analysis. Work on atypical family ties, dependency, contradictory cultural expectations due to migration and social change, families and the welfare state, and on climate change and disability promotes the multilevel potential of ambivalence and points to ways to advance its promise in theory and practice.

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The Midlife Financial Squeeze: Intergenerational Transfers of Financial Resources Within Aging Families

Cited by 13 publications

References 50 publications

“I'll Give You the World”: Socioeconomic Differences in Parental Support of Adult Children

“I'll Give You the World”: Socioeconomic Differences in Parental Support of Adult Children

When does money matter most? Examining the association between income and life satisfaction over the life course.

Exploring Ambivalence in Family Ties: Progress and Prospects

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