question archive Explain how financial status impacts marital stability

Explain how financial status impacts marital stability

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Explain how financial status impacts marital stability.

What other factors are associated with a couple's financial status?

Describe a time where you witnessed social mobility due to marriage or divorce.

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Financial status plays a huge role in a success of one's relationship. It affects the relationship. It is one of the deciding factor of a couple in making decisions especially in building their family. If financial status is bad it may cause stress and worse mental disorders. If a couple is having hard time with their finances it will affect their mood, their decisions and the marriage. If their financial status doesn't suffice to provide their basic needs it will be the roots and start of their problem. Some marriage didn't work or failed due to bad financial status.

 

 

Economic factor can also affect couple's financial status. Example is the Covid-19 pandemic. Let's say that a husband lose his job due to workforce reduction due to pandemic. It will definitely affect them because the husband's source of income was gone. Their financial status with fall most probably since unemployment affects them so bad.

Health factor can also affect couple's financial status. If one of the couple gets sick of course they will need to pay the hospital bills and medication. Their savings will possibly decreased or if they have no savings yet they will need to borrow money from other people which will give them debt.

Size of the family can also be a factor. Small family is less in expenses compared to large family. The needs and basic necessities would be increase and would affect couple's financial status.

 

 

A couple decided to get married. The husband is an engineer and the wife is working in an office. They both agreed not to bear child on the first 2years of their marriage and put all their money in savings. They used to rent an apartment, but after 2 years of renting they already bought their own house. They also bought furnitures in their new home and already have savings. The husband got promoted as senior engineer and the wife took the managerial position.