Forming a Unified Framework
Models for Financial Planning
It is likely that your clients will not have an extensive financial plan. The disorganization of a financial situation can cause significant distress on families. The two models presented here focus on the relationship between family economic well-being and child outcomes. The first model, Family Economic Stress Model, posits that family economic well-being has effects on child behavior outcomes via a series of mediating variables. The second model, The Investment Model, suggests that families with greater economic resources are able to provide more opportunities for their children which would lead to better academic and social outcomes.