Nathan Astle, CFT-I™, MFT

Recent decades have seen tremendous changes in the duration of time that parents offer financial support to their adult children. This paper explores the literature regarding the variations in support, the forces impacting those variations, and the effects of that support on the children's human capital and financial attainment, as well as implications for parents. A case vignette based on an amalgam of case experiences by the authors is provided to explore the relevance of the literature… Show more

Recent decades have seen tremendous changes in the duration of time that parents offer financial support to their adult children. This paper explores the literature regarding the variations in support, the forces impacting those variations, and the effects of that support on the children's human capital and financial attainment, as well as implications for parents. A case vignette based on an amalgam of case experiences by the authors is provided to explore the relevance of the literature findings to an amalgam financial planning client in the situation of providing financial support to an adult child. Sample interventions are based on the theoretical framework of Bowen’s family systems theory and Archuleta’s Couples and Finances Theory. Show less

Financial Socialization Theory and Communication Privacy Management theory offer insights into how financial conflict develops and is maintained in couples. Communication Privacy Management Theory offers a lens through which to view financial communication between partners. Partners bring in their own experience, values, and behaviors regarding money (family financial socialization), realized or unrealized. Through family financial socialization we know that environmental and family influences… Show more

Financial Socialization Theory and Communication Privacy Management theory offer insights into how financial conflict develops and is maintained in couples. Communication Privacy Management Theory offers a lens through which to view financial communication between partners. Partners bring in their own experience, values, and behaviors regarding money (family financial socialization), realized or unrealized. Through family financial socialization we know that environmental and family influences began during childhood and have continued into adulthood creating what may be perceived as financial norms. Both theories are reviewed, and a clinical case vignette applying the Bowenian framework is discussed. Implications put forward to offer best practices for family and financial therapists, suggesting that it is necessary to process and gain insight into their own financial beliefs to avoid projection. We propose using each of these theories to further inform clinical practice with clients and to expand our growing knowledge of couples and financial communication. Show less

The purpose of this paper is to expand upon Mentzer, Britt, Samuelson, and Herrera’s (2010) annotated bibliography of research conducted in the field of financial therapy prior to 2010 and provide readers with a current overview of financial therapy research published since that time. Annotated bibliographies are categorized by topics and future research in each area is suggested. In addition, two tables were developed to provide readers a snapshot of the current landscape of financial therapy.… Show more

The purpose of this paper is to expand upon Mentzer, Britt, Samuelson, and Herrera’s (2010) annotated bibliography of research conducted in the field of financial therapy prior to 2010 and provide readers with a current overview of financial therapy research published since that time. Annotated bibliographies are categorized by topics and future research in each area is suggested. In addition, two tables were developed to provide readers a snapshot of the current landscape of financial therapy. The first table provides a list of journals of published articles featuring financial therapy or related topics. The second table provides an overview of types of research, population studies, key topics, as well as highlighting whether theory and financial therapy are overtly referred to within the article. Show less