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1.
J Fam Econ Issues ; 43(2): 205-212, 2022.
Article in English | MEDLINE | ID: covidwho-1942276

ABSTRACT

A growing body of research demonstrates that COVID-19 has had a profound impact on family functioning and well-being in a range of countries. The fear and uncertainty of the health risks, in addition to the stress from ensuing restrictions and constraints on everyday life caused major disruptions, impacting the financial, emotional, and physical well-being of adults and children alike. In this report, we summarize the current literature on the impact of COVID-19 disruption to family functioning and economic well-being as a context for this special issue. Our findings indicate that while the pandemic may have caused a reallocation of intra-familial tasks, a large gender disparity remains regarding the proportion of domestic work and childcare. The pandemic disproportionally impacted lower-income families, families from ethnic minority and vulnerable groups, and women. Finally, the financial impacts of the emergence in Spring of 2020 have strained family relationships, although the effects depend to a large extent on quality of the relationships and family well-being before COVID-19. To address the long-term bidirectional effects of the pandemic on family well-being and the well-being of the global economy calls for research that crosses disciplinary divides.

2.
Journal of family and economic issues ; : 1-8, 2022.
Article in English | EuropePMC | ID: covidwho-1876762

ABSTRACT

A growing body of research demonstrates that COVID-19 has had a profound impact on family functioning and well-being in a range of countries. The fear and uncertainty of the health risks, in addition to the stress from ensuing restrictions and constraints on everyday life caused major disruptions, impacting the financial, emotional, and physical well-being of adults and children alike. In this report, we summarize the current literature on the impact of COVID-19 disruption to family functioning and economic well-being as a context for this special issue. Our findings indicate that while the pandemic may have caused a reallocation of intra-familial tasks, a large gender disparity remains regarding the proportion of domestic work and childcare. The pandemic disproportionally impacted lower-income families, families from ethnic minority and vulnerable groups, and women. Finally, the financial impacts of the emergence in Spring of 2020 have strained family relationships, although the effects depend to a large extent on quality of the relationships and family well-being before COVID-19. To address the long-term bidirectional effects of the pandemic on family well-being and the well-being of the global economy calls for research that crosses disciplinary divides.

3.
J Consum Aff ; 56(1): 276-291, 2022.
Article in English | MEDLINE | ID: covidwho-1685365

ABSTRACT

The COVID-19 pandemic brought grave financial concerns for families in the United States as they attempted to navigate the multifaceted impacts of the pandemic. The present descriptive study examined Florida families' employment characteristics, credit card debt, savings characteristics, use of savings based on employment and income variables, and patterns of use of the first 2020 economic impact payment during the early stages of the COVID-19 pandemic. Responses to an online questionnaire were collected from 526 Florida residents, age 18 or older, who were parents of minor children during the time the study was conducted. Findings are indicative of varying financial impacts on families based on gender, marital status, income level, and employment status related to COVID-19. Implications are presented for employers, educators, researchers, policymakers, and families.

4.
Journal of Financial Planning ; 34(1):48-59, 2021.
Article in English | ProQuest Central | ID: covidwho-1040444

ABSTRACT

O'Neill and Gillen present a review and summary of key personal finance events in 2020, with topics organized according to their placement within the webinar, beginning with empirical research findings and concluding with a preview of 2021 annual limits related to financial planning. Many of the events and legislation reported for 2020 stem from the COVID-19 pandemic. Topics of research studies include financial literacy, impact of financial education, parental financial education, emergency funds, Generation Z, and COVID-19-related studies.

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