Personal finance, Marriage and Family Therapy


The purpose of this study was to determine what changes have occurred in the past 20 years in accredited marriage and family therapy (MFT) programs in terms of student training and preparation for treating family financial concerns. MFT program directors (N = 18) and students (N = 102) responded to an emailed a web survey. Findings indicated that only two master’s degree programs, two doctoral programs, and one post-graduate program offered a personal or family finance course elective. A discussion about the implications this limited exposure to personal finance topics plays in professional training is provided.

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial 4.0 License


AAMFT. (n.d.). Commission on Accreditation for Marriage and Family Therapy Education. Retrieved April 9, 2009, from http://www.aamft.org/

American Psychiatric Association. (2000). Diagnostic and statistical manual of mental disorders. (4th ed. text rev.). Washington, DC: Author.

Aniol, J. C. & Snyder, D. K. (1997). Differential assessment of financial and relationships distress: Implications for couples therapy. Journal of Marital and Family Therapy, 23(3), 347-352.

Bucks, B. K., Kennickell, A. B., Mach, T. L., & Moore, K. B. (2009, February). Changes in U.S. family finances from 2004 to 2007: Evidence from the Survey of Consumer Finances. Federal Reserve Bulletin, 95. Retrieved April 22, 2009 from http://www.federalreserve.gov/pubs/bulletin/2009/pdf/scf09.pdf

Chu, K. (2009). Average college credit card debt rises with fees, tuition. USA Today, April 13, 2009. Retrieved May 22, 2009 from http://www.usatoday.com/money/perfi/credit/2009-04-12-college-credit-carddebt_N.htm

Dean, L. R., Carroll, J. S., & Yang, C. (2007). Materialism, perceived financial problems, and marital satisfaction. Family and Consumer Sciences Research Journal, 35(3), 260-281.

Dillman, D.A. (2000). Mail and internet surveys (2nd ed.). New York: John Wiley & Sons.

Geiss, S. K. & O’Leary, K. D. (1981). Therapist ratings of frequency and severity of marital problems: Implications for research. Journal of Marital and Family Therapy, 7, 515-520.

Grable, J. E., Britt, S., & Cantrell, J. (2007). An exploratory study of the role financial satisfaction has on the thought of subsequent divorce. Family and Consumer Sciences Research Journal, 36 (2), 130-150.

Kansas State University. (2008). Financial therapy clinic, to be opened by K-State's institute of personal financial planning in Manhattan, first of its kind. Retrieved March 12, 2009 from http://www.k-state.edu/media/newsreleases/nov08/fpclinic112408.html

Papp, L. M., Cummings, E. M., & Goeke-Morey, M., C. (2009). For richer or poorer: Money as a Topic of Marital Conflict in the Home. Family Relations, 58, 91-103.
PMid:22162622 PMCid:3230928

Poduska, B. & Allred, G. H. (1990). Family finances: The missing link in MFT training. The American Journal of Family Therapy, 18(2), 161-168.

Stanley, S., M., Markman, H. J., & Whitton, Sarah, W. (2004). Communication, conflict, and Commitment: Insights on the foundations of relationship success from a national survey. Family Process (41) 4, 659- 675.

University of Georgia. (2009). New program provides relationship, financial counseling to couples. Retrieved March 12, 2009 from http://www.uga.edu/columns/090120/newscouple.html