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Question 1

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Answer 1

Hello, I’m Maisha and I will be discussing the difficulty of understanding the value of enough money in relationships

Question 2

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Answer 2

As kids, almost all of us dream of being successful. We aspire to be rich and fulfill our dreams of having a mansion and luxury car. From childhood, the media instills in our brains this belief that the amount of money we have aligns with our success(pause) and therefore value in life. Rarely do we consider what it means to be “rich enough”, because we continue to strive for more money regardless of our current economic status. Sadly that continuous focus of relating our worth to our money is detrimental to not only our lives, but also our relationships.

Question 3

Slide 3 Research Quesiton

Answer 3

So how does(emphasis on “does”) Desiring Money Negatively Impact Couples with various socioeconomic backgrounds, Preventing them from understanding the value of enough?

Question 4

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Answer 4

Well, we can define low and high income households using the threshold created by Daniel Kahneman, an Israeli psychologist and economist notable for his work on the psychology of judgment and behavior, and Angus Keaton, a British-American economist and academic Senior Scholar at Princeton University, as “beyond about $75,000/y, [because] there is no improvement whatsoever in any of the three measures of emotional well-being [for household income]”
This income threshold of about $75,000/yr is merely used as an estimate based on this particular study, and is acknowledged by the creators that it may vary depending on location and other given life-circumstances

Question 5

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Answer 5

69% of low-income households,households that make under 75 K annually, end within the first 10 years according to Kevin Coss the Vice President for research at the University of Minnesota. Previously federal initiatives focused on helping low-income households thrive, have sought to support marriage among low-income populations and tend to assume programs that emphasize relationship education are more beneficial for low-income couples. (pause) However, recently Benjamin R. Karney, a professor of social psychology at UCLA and behavioral scientist, discovered that “New policies that promote financial well-being may be more effective at supporting low-income couples than interventions targeting relationships directly. Therefore, it may seem like desiring money instead of just needing it to survive is more beneficial to low income couples due to these policies Kearney presented which is why they aren’t the solution. Cloud people’s value of enough

Question 6

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Answer 6

This idea, however, is not supported by Deborah Ward, an author and psychology journalist, who rightly states, “people prioritize their goals according to their values of what they deem as self-worth” (Ward et al.). In other words, low-income couples, who are under these stressful conditions, are likely to base their self-worth on finances, especially because of these new income based policies where “enough” money is what qualifies for a healthy relationship.

Question 7

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Answer 7

Yes, it should be acknowledged that America is a capitalist society, so money is very intertwined in our daily lives, but once we surpass the threshold of $75,000, and have quote unquote “enough money” [hand gesture air quotes] are most people really going to stop basing their self-worth on finances
I mean why would you (short pause)with dreams of being the richest person in the world?