The Theory of Financial Recalibration A Glaserian Classic Grounded Theory of Economic Survival After Spousal Caregiving
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Abstract
Financial Recalibration is a theory that conceptualizes how former spousal caregivers of individuals with Parkinson's disease resolve their main concern of financial destabilization following the death of their partner. Using Glaserian classic grounded theory methodology, in depth interviews with widowed caregivers were coded and analyzed through constant comparison, theoretical sampling, and memoing to generate an explanatory theory grounded in participant data. The Theory of Financial Recalibration identifies three phases — Financial Uncertainty, Managing Finances, and Rebuilding Financial Autonomy — and explains how caregivers resolve financial disruption after the end of caregiving. Financial Uncertainty represents the initial destabilization marked by income disruption, benefit instability, and concentrated decision-making responsibility. Managing Finances depicts pragmatic, survival-oriented action directed toward containing disruption and maintaining financial continuity under constraint. Rebuilding Financial Autonomy conveys the gradual restoration of independent financial control through sustained, intentional decision making and increased confidence. Movement across these phases is neither linear nor staged; rather, it reflects a fluid process responsive to shifting demands and available resources. Financial Recalibration reframes bereavement related financial strain as a primary organizing concern rather than a secondary aspect of grief and contributes to caregiving scholarship by explaining economic survival as a parallel adaptive process grounded in data.
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