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A new research framework for family resource management applied to financial preparedness of mid‐life working couples a
Author(s) -
McGregor Sue,
Ellison Margaret Bateman
Publication year - 2003
Publication title -
international journal of consumer studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.775
H-Index - 71
eISSN - 1470-6431
pISSN - 1470-6423
DOI - 10.1046/j.1470-6431.2003.00312.x
Subject(s) - preparedness , context (archaeology) , perspective (graphical) , resource (disambiguation) , family life , life course approach , sociology , business , public relations , knowledge management , psychology , political science , management , computer science , social psychology , economics , geography , socioeconomics , computer network , archaeology , artificial intelligence
In order to continue to move forward, the field of family resource management needs rich research programmes based on holistic, synergetic approaches. To this end, this paper presents a multi‐perspective research framework for designing family resource management research programmes using insights from five existing perspectives to understand families: life cycle stages, life spiral across generations, unplanned life transitions, the historical context of the course of one's life, and the different levels of influence on daily life ranging from the cosmos to the unknown (spheres of influence perspective). A modernization of the life cycle perspective is proposed as well to accommodate the gap between the full nest and the empty nest. We then use this new research framework to shape the development of a programme targeting retirement preparedness of mid‐life working couples with dependents (children and aged or infirm adults). We anticipate that deeper, more holistic insights into family resource management strategies can be gained from using this new research framework.