The Impact Of Debt For A Married Couples

There is a widespread concern about rising levels of debt. Debt can become disastrous for those who live alone or those families who are already having problems with supporting their family. The people who might be struck by debt, they might have trouble recovering. Debt can cause Americans to lose their homes and stability they need to feed, and shelter their families. Although debt comes upon us Americans quickly, people can see debt as terrible thing to be stuck with. It has many disadvantages that can devastate to people.

Modern, contemporary society’s mindset on marriage has shifted considerably over the years. Some research has noted the increase in early sexual experiences, greater acceptance of cohabitation and the increase in narcissistic tendencies, are complicating and muddying the ideals of what marriage means to people today. Research done on this subject resulted in several studies that found that spouses who did not believe that marriage would last forever, were less likely to commit to the relationship financially and were more likely to have extramarital affairs.

As stated in our text, various factors can bind married couples together, such as economic interdependencies, legal, social and moral constraints, relationship, and amongst other things. In the recent years some of these factors have diminished their strengths. The modern generation sees marriage in a different perspective altogether. Individuals today feel they are stable independently, they do not need to rely on their spouse for emotional or financial support. Many are career driven and soar to conquer their dreams over settling down with a family. Such untraditional views have increased divorce rates.

The repercussions of attaining or lacking money changes based on the situation of the person possessing it . One could use money as an instrument to create happiness in spite of its vile nature. On the other hand one could be corrupted by it based on what it 's used for or the impact it has on that person 's character. Based on my personal experiences money has always been the one factor that restrains my family from experiencing constant happiness. But that 's not necessarily the same situation for every family. In “The Glass Castle” the Walls family drifted further apart in result of coming across money. The glass castle was an exciting book with a very unique and adventure seeking family. Rex Walls sand Rose Mary Walls were the parents of Jeanette, Lori, and Brian Walls. Initially the family was poor but over time their wealth would increase and decrease creating a series of complications that the family had to face. While encountering wealth, due to the passing away of Rose Mary’s mother who left her a large house in Phoenix and some money, the family felt out of place because they 've become so accustomed to their lifestyle of struggling. “City life was getting to dad. “I’m starting to feel like a rat in a maze,” he told me. He hated the way everything in Phoenix was so organized, with time cards, bank accounts, telephone bills, parking meters, tax forms, alarm clocks, PTA meetings, and pollsters knocking on the door and prying into your affairs.” (106) Their father

Diverse ways of managing money, different financial incomes, and an absence of cash can create great tension in a marriage. In fact, statistics in a survey conducted by Citibank on the divorce rates in the United States suggested that more than fifty percent of divorced couples referred to financial problems as the cause of their divorce. If the couples have children, cash turns out to be significantly more crucial to the relationship. Many individuals refer to money as the reason for their separation. If there is not enough financial care, it causes a barrier in the relationship which is what essentially leads the couple to

Living in debt has become the norm for most U.S citizens, with nearly 80% of the population in some kind of financial dilemma. Even the national government is trillions of dollars in debt, and the main cause is spending money we don't have. If everyone would stop using credit cards, taking out huge loans, and buying houses that they really can't afford, the economy might slowly regenerate. Many people don't understand how fast debt can build up and how much interest rates can increase that debt. Yes, life would be a lot more difficult for many people if they could only use money they actually have instead of paying it back later and adding on debt, but sometimes change is needed. No matter how difficult this change may be to implement, it may

One research looked at the effects that student debt has on college graduates and their chances of marrying after college. The researcher collected data by interviewing and survey college graduates. The participates were men and women who receive their bachelor’s degree in 1993. There were 9,410 participates who were all single adults after college. The researcher finds were that men and women differ when it comes to marriage and loan debt (Bozick,2014). In conclusion, man who are high in debt are less likely to marry after college than those who are lower in debt. Women are more acceptable to getting married, while having large sums of student loan debt which shows that man and women differed with marriage (Bozick,2014). Dwyer, Hodson, Mccloud (2013) research focus on how debt affects men and women differently and how they take different paths. Some men and women may go to college after high school, and some may jump into the job market. The researchers discovered that debt affects men and women differently when trying to pay off their debt. Men have it easier to pay off their debt, because more employers are willing to pick them over women, which put women at a disadvantage. Bozick (2014) also looked at the differences in men and women, but by looking at debt and marriage rates. He found that they’re also a difference on how debt affects men and women. His findings were that men are less likely to marry if he is high debt. Women are more acceptable to marry if she has high debt, compared to men. Both researchers concluded that men and women differ with it comes to

We as americans seem to have a very serious problem. By doing some research I have been able to conclude some intresting ideas on what to do to fix our debt problem. First of all we need to stop bwing in wars, the more that we lose the more that we are going to be hurt and deeper in the hole of debt we will go. Second we need to stop paying our RETIRED U.S. presidents so much money it's not helping the fact that they get so much. We need to also need to stop buying so much imported goods. If we can accomplish these simpe tasks we can fix a lot of our debt problems and be a better country.

Over the past decades, how Americans perceive the marital relationship greatly reformed, illuminating society’s values. In the past, marriage use to represent a legal contract to bear children and acquire finances, but today, “In all too many communities in the US, especially poor and minority ones, marriage is a retreat” (Wilcox et al., 2005, p. 5). Rather than observing marriage as an obligation, Americans now perceive a marriage to entail intimate commitments between affectionate partners. America transformed its values from the society and family to the individual level. Of the major values changes, which occurred over the past decades, this article exemplifies an increase in single-parent homes, cohabiting, and divorce. Due to America’s expansion of individualism and materialism, individuals no longer perceive their marriage as life long commitments. This transformation occurred because of a shift in societal values; society no longer places stigma on divorce and single parents, which aided in the increasing numbers of marital shifts. In fact, Americans tend to enter marriages with unrealistic expectations, expecting their partner to fulfill all of their needs without conflict. It stands as our unrealistic expectations and perceptions that caused a shift in marriages.

The article “Till Debt Do Us Part” by Mary Loftus, tells us of the tension money and debt can have on any

The U.S. Deficit, Surplus, and Debt Effects Anytime there is a deficit, surplus, or debt there is someone or something it affects. There can either be too much, too little, or money owed to someone. When something like that happens, examples of people affected are taxpayers, future Social Security and Medicare users.

Scherer & Anson (2014) are of the opinion that the crushing debt of students has slowed the U.S. economy as the students cannot buy homes and vehicles leave alone start their families. Comparing the net worth of a student without a loan and that with a loan, it is evident that the former has a higher net worth while the latter has a low net worth. Individuals with student loans are burdened with their financial condition (Konczal, 2015). This will affect their movement towards adult life. In this regard, the student debt reduces the likelihood of marriage. Konczal (2015) also argues that adding ten thousand dollars in loans reduces the marriage likelihood by around seven percent.

Financial stability can bring the off balance of a marriage especially when the couple does not collaborate well about their financial stability.  In the article "The Association Between Consumer Debt and the Likelihood of Divorce", a survey was done to find the correlation between consumer debt and divorce and the results were proven that consumer debt positively predicted the hazard of divorce (Dew 562). This statement just emphasizes how financial stability is an asset to keeping a healthy marriage and to avoid stress in the marriage. Financial instability just adds more stress into the marriage. Bobbie Mason represents the struggle of  financial instability in Shiloh  when Norma Jean is the one bringing in money in the household since Leroy

The power of pooling has great benefits as couples often only need one house, one set of furniture and appliances, plus they can also share gas and electricity. However, this new view of cohabitation also carries an emphasis on personal and financial independence (Waite 46). This means that couples are only willing to go fifty – fifty on things like money and time. It is evident that this unwillingness to financially support or spend more time with their partner often causes this kind of relationships to fail. In the other hand, when marriage involves giving a hundred percent of what the couple has to offer, the results are different. To further analyze this point, Waite writes in her book that when married couples pool all of their money together, they are also showing a “financial union that is one of the cornerstones of what Americans mean by marriage” (41). This is evident in a married couple that rely on the wife to manage the spending and savings on the household, while the husband turns over his check to the wife. This kind of commitment helps them manage money easier and evading problems that the cohabitation couple would have.

Money is a frequent source of conflict in marriage. While it can bring great opportunities, marriage can also bring stress and strain if couples do not approach their finances and priorities realistically. Working as partners is important to resolve the issues of finances and they can have a healthier relationship. Financial issues may result from one spouse be saver and one spouse being a spender, no budget planning or the opposite there is a budget, but it may be too strict. Unresolved conflict in finances can lead to divorce; the couple are unable to talk about their finances and repair the damage to the marriage. Results from a recent interview by the author with a couple reveal their relationship struggle with financial conflict. For this research paper, the writer choose to discuss financial conflict. In conclusion, the writer will provide statistic data, description of financial issues, techniques to help the couple, Biblical insights and homework.