The Tanda: An Informal Financial Practice at the Intersection of Culture and Financial Management for Mexican American Families.

Tandas, the Mexican variation of lending circles, are an informal financial practice used among Mexican American communities. Tandas are an important asset in families' resource management strategies, yet the practice is largely unrecognized in the resource management literature and devalued by traditional financial institutions. A qualitative study was conducted to investigate tanda participation of twelve Mexican American individuals across the midwestern United States. This study aimed to develop a better understanding of participants' motivations to enter, the other financial management strategies employed by participants, and the tanda's significance to family resource management. Findings revealed that participants' motivations to participate in a tanda relate to financial accessibility and cultural preferences; participants utilize a range of complementary financial management strategies concurrently with the tanda; and participants perceived the tanda as conducive to their family's financial goals and well-being, despite acknowledging the risks associated with participation. Developing a better understanding of the tanda provides insights into the ways culture serves as a conduit through which family and individual goals are realized, financial capability is bolstered, and uncertainty wrought by economic and political contexts is reduced.

Posttraumatic growth and flourishing in the face of racial trauma.

OBJECTIVE: Examining well-being in the face of racial trauma is timely, clinically significant, and severely understudied, especially in Black populations. To address this gap, we investigated the relationship between flourishing and posttraumatic growth among Black undergraduates who reported a history of racial trauma. METHOD: Participants were 96 Black college students recruited from a predominantly White Midwestern university, all of whom reported experience of racial trauma. Participants completed the Flourishing Scale and Posttraumatic Growth Inventory (PTGI) in an online survey. Most were women/cisgender female/female (66.67%) and identified as religious (66%); 47% were first-generation college students. The average age of the sample was 21.14 (SD = 5.46). RESULTS: We analyzed Flourishing and PTGI scores for students who were able to identify/recall a racially traumatic event/experience using linear regression. Results indicated that after controlling for sociodemographic factors, scores on the PTGI significantly predicted Flourishing scores and accounted for 29.4% of the variance. CONCLUSIONS: These findings suggest that those who are able to deepen connections with others, tap into their inner strengths, gain new perspectives and a new appreciation for life, and connect to spirituality not only grow but are more likely to report flourishing. Contributing empirical evidence to the reliability (α =.91) and validity of the Flourishing Scale for Black college students, our findings also have implications for educators and clinicians interested in helping Black students grow and flourish in the aftermath of racially traumatic events. (PsycInfo Database Record (c) 2023 APA, all rights reserved).