Financial communication as a mediator between financial values and marital outcomes

Objective We test whether perceived similarity of partners' financial values is associated with marital satisfaction and stability and whether financial communication mediates these associations. Background Although many studies have found links between finances and marital satisfaction, marital stability has been understudied. Additionally, many studies have examined the impact of couple financial behaviors on marital outcomes but have failed to account for the role of financial values in shaping those behaviors. Couple and finances theory motivated the study and guided our hypotheses. Method We used dyadic data from the Couple Relationships and Transition Experiences project, a nationally representative sample of newlyweds (N = 1,700 different-sex couples). We conducted an actor-partner interdependence model to test direct and indirect associations. Results Partners who perceived similar financial values are better able to communicate with their spouse about money, which in turn predicts marital satisfaction and stability. We found both actor and partner associations and evidence of both full and partial mediation. Conclusion Our results support previous research demonstrating the importance of shared financial values in understanding relationship outcomes. Additionally, financial communication is a mechanism linking these constructs. Implications Our findings may inform interventions for increasing marital satisfaction and stability and for improving couple financial communication.