Wednesday, November 14th, 2018
Economic Well-Being of Single Mothers in the United States
Prior research on single mother families and economic well-being have examined how factors, such as education and employment status, significantly influence economic well-being. The present study seeks to expand the extant body of knowledge by examining the impact of additional ecological factors, i.e., personal financial knowledge, risk tolerance, and future orientation on the economic well-being of single mother households. Our results show that the ecological factors risk tolerance and future orientation are significant determinants of economic well-being.