Gabriela Fonseca

A robust body of research provides evidence of a strong connection between identity development and age-related functioning. A sense of financial identity may be an important precursor of adult self-sufficiency. For this reason, the study of financial identity (i.e., the answer to the question “Who am I from a financial point of view?”) as a domain-specific component of identity development during the transition to adulthood is a timely and important topic worldwide. In order to properly investigate the financial identity domain, a reliable and valid instrument is needed. The aim of the current study is to test both a variable-centered model and a person-centered model of the 12-item Financial Identity Scale in an international sample of 4,960 emerging adults from ten different countries: Austria, Finland, Hungary, India, Italy, Lithuania, Portugal, Romania, Slovenia, and the United States. The variable-centered model of the Financial Identity Scale suggests that the 12 items measure four latent factors, each corresponding to a different identity status: achievement, foreclosure, diffusion, and moratorium. Confirmatory factor analysis confirmed this model in seven out of ten countries, and approximate measurement invariance indicated that Financial Identity Scale scores were comparable across these countries. The person-centered model of the Financial Identity Scale suggests that the four statuses of financial identity present three different configurations in the population: pathfinders, followers, and drifters. The latent profile analysis conducted in the current study identified four distinct profiles, the first three of which correspond to those in the original model, and a fourth which was labelled “Indecisive”. Theoretical and practical implications of these findings are discussed.

Considering the multiple and increasing challenges that our contemporary society has been exposed to, examining family resilience is highly relevant. The Walsh Family Resilience Questionnaire (WFRQ) is a 32‐item self‐report measure developed to assess family resilience, and it has been widely used in several contexts of adversity across different countries. The present study aimed to develop the Portuguese version of the WFRQ (WFRQ‐PT) and examine its factor structure and psychometric properties. A total of 1535 subjects (72.2% female) aged between 18 and 83 (M = 34.77; SD = 14.07) participated in this study during 2020 and 2021. Two different three‐factor structures were examined: one in line with the theoretical dimensions of Walsh's model, and an alternative structure, in which the key‐family process making meaning of adversity emerged as an independent factor. CFA results indicated that the alternative structure showed a better goodness‐of‐fit than the theoretical structure. Support was found for the use of a 30‐item WFRQ‐PT, presenting good internal consistency for both the total scale and its subscales. Test–retest results from a sub‐sample of 40 participants attested to the temporal stability of the measure. Strong positive associations were found between the communication and family satisfaction subscales of the FACES IV and the WFRQ‐PT dimensions (0.68 < r < 0.75), supporting its convergent validity. In sum, the WFRQ‐PT is a valid and reliable instrument, with the potential to serve as a key tool for both research on family resilience and clinical practice in Portugal.

The present study focuses on the role of family support to young adult children during COVID‐19 in ameliorating the negative financial impact of the pandemic. Guided by the Conservation of Resources (COR) Theory of stress and coping, we conceptualize the negative financial impact due to COVID‐19 as a source of financial stress that would be associated with lower levels of both financial wellbeing and positive outlook of young adults. We rely on data collected from a multinational sample of young adults (ages 18–30) from six countries (China, Italy, Lithuania, Portugal, Slovenia, US; N = 2102) over a 3‐month period (July 2020–September 2020). We tested the potential effects of two types of support (i.e., parental financial support and family emotional support) using path analysis. While we find a consistent positive association between family emotional support and both financial wellbeing and positive outlook, we also find a consistent negative association between parental financial support and financial wellbeing, and a nonsignificant or negative association (Lithuania only) with a positive outlook. The significant interaction between COVID‐19 financial impact and family emotional support on young adults' positive outlook reveals that the benefit of family emotional support is more evident when the negative financial impact is low or moderate. We discuss the implications of these findings in assisting young adults to cope with financial disruptions.

A multidimensional model of emerging adults’ subjective financial well-being was proposed (Sorgente and Lanz, Int Journal of Behavioral Development, 43(5), 466–478 2019). The authors also developed a 5-factor scale (the Multidimensional Subjective Financial Well-being Scale, MSFWBS) intending to measure this construct in the European context. To date, data using this instrument have been collected in nine countries: Austria, Canada, Finland, India, Italy, Portugal, Romania, Slovenia, and Turkey. In the current study, data from these countries were analysed to test the validity of this model internationally. In particular, using an international sample of 4,475 emerging adults, we collected the following kinds of validity evidence for the MSFWBS: score structure, reliability, generalizability, convergent, and criterion-related evidence. Findings suggest that the MSFWBS (1) yields valid and reliable scores, and (2) works well in individualistic and economically developed countries, producing comparable scores. Implications for researchers and practitioners are discussed.

This study aimed to explore the moderating role of social networking sites (SNS) use in the link between identity commitment development and psychological functioning in a sample of Portuguese emerging adults. Cross-sectional survey data were collected from 251 participants (71.3% women), aged 18–30 years ( M = 22.33, SD = 3.31). Self-report questionnaires were used to measure identity commitment-making (commitment-making and identification with commitment), SNS use (perception of feed refresh frequency), and psychological functioning (anxiety and depressive symptoms). Results showed that feed refresh frequency acts as a moderator with a distinct role in the associations between each identity commitment dimension and psychological functioning. Specifically, with the increased frequency of feed refresh, the relation between commitment-making and psychological symptoms becomes negative (for those who refresh feed more frequently, the presence of commitments was associated with lower levels of anxiety and depressive symptoms). On the other hand, the negative relation between identification with commitment and psychological symptoms becomes weaker with an increase in the frequency of feed refresh (for those who refresh feed more frequently, identifying with and embracing the commitments they already made was not associated with psychological symptoms). Overall, our results suggest that refreshing the SNS feed seems to boost the effect of commitment-making in psychological functioning and simultaneously hinder the effect of identification with commitment on psychological functioning. Ultimately, this study calls for further research on emerging adults’ identity development in the digital age, which can inform prevention/intervention actions for promoting youth media literacy and psychological adjustment.

Amidst today’s complex financial world, understanding how family adaptation may be fostered in contexts of macroeconomic adversity is paramount. The present qualitative study sought to investigate how Portuguese families with emerging adult children have been managing macroeconomic-related demands since the Great Recession. Specifically, we aimed at uncovering the processes that may have facilitated their adaptation to macroeconomic stress over the last decade. Fourteen two-parent families with at least one emerging adult child (N = 48 participants) participated in semi-structured interviews in late 2010s. Thematic analysis yielded three key themes: (i) Appraisal, capturing family beliefs regarding their macroeconomic contexts since early to late 2010s; (ii) Demands and Impact, reflecting the macroeconomic challenges with which families were confronted; (iii) Capabilities, including coping behaviors – such as financial cutbacks implemented during the recession – and resources – such as family cohesion and parental emotional and instrumental support to emerging adults – that facilitated families’ demand management, potentially constituting key family processes in resilience during macroeconomic hard times. Despite their positive adaptation to macroeconomic demands during the most complicated years of recession, families continued to perceive great instability in their macroeconomic contexts in late 2010s, displaying concerns related to the future of emerging adults. These results highlighted that macroeconomic crises entail long-lasting impacts for individuals and families, alerting researchers, clinicians and politicians to the increased challenges currently faced by young people and their families. In addition, findings from this study can inform clinical practice and the development of multisystemic interventions aiming at helping financially stressed families.

The present study sought to gain a comprehensive understanding of how men navigated the transition to fatherhood during a highly stressful pandemic. Semi-structured interviews were conducted with 12 Portuguese first-time fathers during 2021. Results from thematic analyses suggested that key moments and experiences were disrupted for these men due to the pandemic, promoting gender role stress in the context of fathering. Positive implications were also mentioned, namely the possibility of greater father involvement in both the prenatal and postnatal periods provided by work-related measures (e.g., telework, furlough). This study reinforces the need for socio-political and hospital policies targeting the promotion of fathers’ inclusion and active involvement during this key life transition.

Young people and their families around the world are especially vulnerable to macroeconomic hard times. This study sought to provide a more comprehensive view on how families with emerging adult children can successfully overcome economic distress. Specifically, we examined the links between economic strain—that is, the subjective perceptions of one's current and future financial situation—family ritual meaning, family problem‐solving communication, and quality of life, as reported by emerging adults and their parents. Data were collected from 1017 individuals nested in 334 families living in Portugal in 2016/2017. Results from multilevel modeling provided evidence for a negative impact of economic strain on family members' quality of life (β = −0.30, p < 0.001); and for the role of family ritual meaning (β = 0.01, p = 0.022), but not family problem‐solving communication, as a buffer against the negative effect of economic strain on quality of life. Findings also suggested that the subjective evaluations that family members formulated about their financial situations played a greater role than objective economic conditions (e.g., income) in establishing a deeper understanding on the impact of economic demands on individuals and families' lives in today's complex financial world. This study provides a significant contribution to family economic stress research, advancing family ritual meaning as a key family dynamic contributing to positive adaptation to economic distress. The implications of these findings for clinical interventions include the potential benefits of symbolic forms of family communication in the work carried out with economically stressed family members.

Young adulthood (18–30 years old) is a crucial period due to its developmental tasks such as career establishment and financial independence. However, young adults’ relative lack of resources makes them vulnerable to employment disruptions (job loss and income loss), which may have both immediate and long-term effects on their financial wellbeing and mental health. The economic impact of COVID-19 restrictions resulted in an increase in unemployment and a decrease in income worldwide, especially for young adults. This study examined to what extent and how job loss and income loss due to the pandemic influenced young adults’ perception of their present financial wellbeing, future financial wellbeing, and psychological wellbeing by using cross-sectional survey data collected from six countries (China, Italy, Lithuania, Portugal, Slovenia, and the United States). Results showed that the impact of income loss and job loss on all three types of wellbeing were mediated by young adults’ negative perception of the COVID-19 lockdown restriction (i.e., perceived as a misfortune). Cross-country differences existed in the key variables. The association between employment disruptions, young adults’ perception of the COVID-19 lockdown restriction, and wellbeing were equivalent across countries except China. Implications for policy and practice are discussed.