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Financial provision after separation by Laura Lucia Schuhmann

Financial provision after separation

by Laura Lucia Schuhmann
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Book cover type: Paperback
  • ISBN13: 9786630043198
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Our Knowledge Publishing
  • Publisher Imprint: Our Knowledge Publishing
  • Publication Date:
  • Pages: 208
  • Original Price: GBP 76.0
  • Language: English
  • Edition: N/A
  • Item Weight: 286 grams
  • BISAC Subject(s): General

After a separation, single mothers often face considerable financial and organizational challenges. However, little is known about how they actually make financial decisions, particularly with regard to long-term provision. This study examines the financial decision-making of single mothers in Austria from their subjective perspective, shedding light on the role of financial competence and financial self-efficacy. The results show that although financial provision is perceived as important for security and independence, in everyday life it often takes a back seat to short-term financial requirements and child-related obligations. At the same time, many women have strong everyday financial skills and rely on informal sources of information. Financial self-efficacy, which is strengthened by their own experiences of coping, proves to be particularly crucial for financial empowerment.

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