Profiles of Financial Stress Over Time Using Subgroup Analysis

Salem Wolk Valentino, Julia E. Moore, Michael J. Cleveland, Mark T. Greenberg, Xianming Tan

Research output: Contribution to journalArticlepeer-review

9 Scopus citations

Abstract

This study modeled latent classes of perceived financial stress over a 6-year period in samples of African-American (N = 323) and White (N = 345) mothers. Results of latent class growth analyses (LCGA) indicated there was variability in financial stress trajectories. Four common classes were identified in both samples; however, larger proportions of African-American mothers reported moderate to very high levels of financial stress over time compared to White mothers. Conditional LCGA models indicated that income was negatively related to financial stress in both samples consistently over time. Mothers' reports of social support and depressive symptoms were also used to predict membership in the latent classes of financial stress, controlling for income, with little demonstrated effect.

Original languageEnglish (US)
Pages (from-to)51-64
Number of pages14
JournalJournal of Family and Economic Issues
Volume35
Issue number1
DOIs
StatePublished - Mar 2014

All Science Journal Classification (ASJC) codes

  • Social Psychology
  • Economics and Econometrics

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