Couples Managing the Risk of Financing Long-Term Care

Amanda E. Barnett, Marlene S. Stum

Research output: Contribution to journalArticlepeer-review

6 Scopus citations

Abstract

This study examined the complexity of financial long-term care (LTC) decision outcomes among married couples. Supporting the theory of planned behavior, couples reported a range of consensus patterns with their financial LTC intentions and behaviors. Five newly articulated typologies of couples emerged from consensus patterns revealing that couples reported a range of financial LTC intentions and behaviors. More couples reported consensus with their financial LTC behaviors compared to intentions; financial LTC decision outcomes reflected a dynamic and on-going process; and couples were not always in agreement on their financial LTC decision outcomes. Findings reinforce the importance of family practitioners going beyond working with individuals to understanding couple-level planning for financing LTC.

Original languageEnglish (US)
Pages (from-to)363-375
Number of pages13
JournalJournal of Family and Economic Issues
Volume33
Issue number3
DOIs
StatePublished - Sep 1 2012

Keywords

  • Consensus
  • Couples
  • Decision-making
  • Long-term care
  • Theory of planned behavior

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