An Examination of Factors Affecting Economic Status and Finances Satisfaction of Families: A Comparison of Metropolitan and Rural Areas

Abstract

Research on the family financial management behavior has gained a great impetus over 30 years. There has been a growing interest in the question of how families organize or manage their economic resources and financial satisfaction. The main purpose of this study is to examine factors affecting financial behaviors and financial satisfaction of families who live in metropolitan and rural areas. Participants in the study consist of women who are married and dwelling in Ankara and Karabuk cities of Turkey. A total of 3,046 female (with an approximate 87 % participation rate) are participated in the study on a voluntary (Ankara n = 1,300; Karabuk n = 1,746). Results indicated that 45.4 % of females have determined that economic decision making are always shared by couples (Ankara 41.9 %; Karabuk 47.9 %). Among women who lived in Ankara (62.3 %) have not saving their income, while the group of Karabuk (51.4 %) have sometimes saving. Similar results have been found in terms of the expenditure behaviors among the families who are living in both of the metropolitan and rural areas. The rates of the families living both in Ankara and Karabuk who state that they have become indebted due to various reasons (Ankara 56.5 %; Karabuk 72.9 %) is higher compared to those who state they have not become indebted. Among the females who stated that they are “very dissatisfied” from their savings behavior, “satisfied” with their expenditure behaviors and “dissatisfied” with their debt behaviors are higher percentage (50.6 %, 47.9 %, and 48.3 % respectively).