More Than a Score? Indirect Associations Between Credit Score and Romantic Relationship Quality in Emerging Adulthood

Higher credit scores have unique financial benefits that may aid in emerging adults' efforts toward financial independence. Yet, it is unknown if higher credit scores may also yield romantic relationship benefits. In a sample of 916 U.S. emerging adults, we used structural equation modeling to...

Full description

Saved in:
Bibliographic Details
Published in:Financial counseling and planning 2023-04, Vol.34 (1), p.55-67
Main Authors: Saxey, Matthew T., LeBaron-Black, Ashley B., Totenhagen, Casey J., Curran, Melissa A.
Format: Article
Language:English
Subjects:
Adults
Behavior
Behavioral Sciences
Behavioral Sciencse
Counseling
Credibility
Credit (Finance)
Credit scoring
Debt (Financial)
Deception
General Counseling
Intervening variables
Literature Reviews
Marriage and Family Counselling
Money Management
Personal relationships
Physical Health
Self Efficacy
Young adults
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Higher credit scores have unique financial benefits that may aid in emerging adults' efforts toward financial independence. Yet, it is unknown if higher credit scores may also yield romantic relationship benefits. In a sample of 916 U.S. emerging adults, we used structural equation modeling to test the indirect associations between credit score and romantic relationship quality. Credit score was positively associated with financial self-efficacy and negatively associated with financial deception. Additionally, credit score was indirectly associated with romantic relationship quality through financial self-efficacy and financial deception. We encourage educators and clinicians working with emerging adults in romantic relationships to help these emerging adults learn how to establish credit and raise their credit scores, which might improve financial and relational outcomes.
ISSN:1052-3073
1947-7910
DOI:10.1891/JFCP-2022-0018