Financial Interdependence: A Social Perspective
Definition
:1. Introduction
2. Theoretical Frameworks and Themes
2.1. Frameworks
2.1.1. Interdependence Theory
2.1.2. Life Course Theory
2.1.3. Person-in-Environment Perspective
2.1.4. Other Theories and Perspectives
- Social exchange theory [11]: individuals navigate relationships via FI and the associated material and relational costs and benefits;
- Feminist and conflict theories [11]: considerations of dependence and power shape the nature of FI and the extent to which it may lead to equitable and empowering relationships or domination and control;
- Transtheoretical model and stages of change [24]: the emotional development of an individual who starts out with a dependence, either providing or receiving in a manner that is emotionally unhealthy, and moves to a healthy balance of personal responsibility for self and others;
- Experiential learning theory [27]: the practice of FI is either reinforced or diminished based upon the perception of the outcome and if, how, or when it should be conducted in the future;
- Financial capability [28]: the features of FI may present as reasons, ways, and means for achieving financial well-being.
2.2. Culture
2.3. Socialization and Behavior
2.4. Income and Wealth
2.5. Resilience
2.6. Religion, Spirituality, and Moral Principles
3. Applications and Implications
4. Conclusions and Prospects
Author Contributions
Funding
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Acknowledgments
Conflicts of Interest
References
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Anvari-Clark, J.; Miller, J. Financial Interdependence: A Social Perspective. Encyclopedia 2023, 3, 996-1008. https://doi.org/10.3390/encyclopedia3030072
Anvari-Clark J, Miller J. Financial Interdependence: A Social Perspective. Encyclopedia. 2023; 3(3):996-1008. https://doi.org/10.3390/encyclopedia3030072
Chicago/Turabian StyleAnvari-Clark, Jeffrey, and Julie Miller. 2023. "Financial Interdependence: A Social Perspective" Encyclopedia 3, no. 3: 996-1008. https://doi.org/10.3390/encyclopedia3030072
APA StyleAnvari-Clark, J., & Miller, J. (2023). Financial Interdependence: A Social Perspective. Encyclopedia, 3(3), 996-1008. https://doi.org/10.3390/encyclopedia3030072