The Role of Economizing and Financial Strain in Australian University Students’ Psychological Well-Being
University students have reported that they engage increasingly in more financial economizing behaviors to cope with limited resources, often to the detriment of their well-being. The objectives of this study were to investigate the mediating role of perceived financial strain between economizing be...
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| Veröffentlicht in: | Journal of family and economic issues 2015-09, Vol.36 (3), p.421-433 |
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| container_title | Journal of family and economic issues |
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| creator | Watson, Stuart J. Barber, Bonnie L. Dziurawiec, Suzanne |
| description | University students have reported that they engage increasingly in more financial economizing behaviors to cope with limited resources, often to the detriment of their well-being. The objectives of this study were to investigate the mediating role of perceived financial strain between economizing behaviors and depressed mood and life satisfaction, and to compare this mediator model to the prevailing direct effects model currently reflected in the literature. Using structural equation modelling, latent-variable mediation analysis supported the notion that economizing behaviors significantly, but indirectly, predict greater depressed mood and lower life satisfaction through perceived financial strain. When examined using non-hierarchical model comparison indices, the mediation model was a superior fit to the data, compared to the direct effects model. |
| doi_str_mv | 10.1007/s10834-014-9404-5 |
| format | Article |
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| source | Sociological Abstracts; SpringerLink Journals - AutoHoldings |
| subjects | Economic conditions Employment Family Financial literacy Original Paper Perceptions Personality and Social Psychology Psychological aspects Social Policy Social Sciences Sociology Studies University students |
| title | The Role of Economizing and Financial Strain in Australian University Students’ Psychological Well-Being |
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