Marriage Education, Financial Literacy, and Asset Development Roundtable Meeting Summary. Background

07/30/2008

There is a well-documented correlation between marriage, family, and economic status. Family events over the life course, including marriage, divorce, and childbearing, have great influence on financial stability and self-sufficiency, and vice versa. Household budgeting is often a family endeavor rather than an individual task. Disagreements over money are often a major source of conflict for couples. Moreover, studies have found that many low-income parents consider financial stability as a precondition for marriage. Unfortunately, collaboration between marriage education, asset development, and financial education programs has been rare, particularly in those programs geared toward low-income populations.

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