Financial Well-Being and Its Relationship with Subjective and Psychological Well-Being Among Emerging Adults: Testing the Moderating Effect of Individual Differences

Author(s):  
Paola Iannello ◽  
Angela Sorgente ◽  
Margherita Lanz ◽  
Alessandro Antonietti
2021 ◽  
Vol 52 (7) ◽  
pp. 680-700
Author(s):  
Simon Ozer ◽  
Veronica Benet-Martínez ◽  
Seth J. Schwartz

Ladakhi emerging adults have been exposed to cultural globalization through interaction with tourists and media, as well as through prolonged stays at globalized university contexts in major Indian cities. This globalization process has been hypothesized as detrimental to psychological health, in part because it poses the challenge of integrating a local Ladakhi identity with a global Western cultural identity. In the present study, we examined how exposure to cultural globalization and bicultural identity integration (tendency to bring together one’s local and global identities) moderates the positive links of Ladakhi and Western cultural orientation with psychological well-being among Ladakhis studying in Delhi ( N = 196). We found that exposure to cultural globalization did not affect the positive association between cultural orientation and psychological well-being. Moreover, bicultural harmony and blendedness were associated with a weaker relationship between Ladakhi cultural orientation and psychological well-being and, additionally, a stronger association between Western cultural orientation and well-being. Our results highlight contemporary challenges related to being both local and global in a culturally globalized context.


2019 ◽  
Vol 19 (1) ◽  
Author(s):  
Zi Zhou ◽  
Lun Cai ◽  
Meilan Zhuang ◽  
Y. Alicia Hong ◽  
Ya Fang

Abstract Background Understanding how living arrangements may affect psychological well-being (PWB) is critical in China, a society with the largest older population in the world. However, few studies have examined the moderating effect of income sources on the relationship between living arrangements and PWB. Our aim was to examine whether living arrangements are associated with PWB and whether income sources moderate this association. Methods The data were drawn from the third (2002) to sixth (2011/2012) waves of the Chinese Longitudinal Healthy Longevity Survey (CLHLS). Six questions reflecting older adults’ well-being were used to measure PWB. Living arrangements were classified as follows: living alone, living with family and living in an institution. Income sources were categorized into financially independent, supported by children, and governmental support. We performed random-effects ordinal probit models to examine the association of living arrangements with PWB and the moderating effect of income sources on this relationship. Results We included a total sample of 30,899 observations for 16,020 respondents aged 65 and over during 9-year follow-up. Older adults living with family (β = .29, p < .001) and those living in an institution (β = .34, p < .001) had stronger PWB than those living alone; moreover, support from children (β= −.24, p < .001) or from the government (β= −.08, p < .05) has a negative effect on PWB compared to the effect of financial self-support. Living in an institution with support from children (β= −.22, p < .05) led to lower PWB than living alone with financial self-support. The opposite result was observed for older adults living with their family and supported by the government (β = .16, p < .05). Conclusions Our analysis provides a significant contribution to the existing literature on the relationship between living arrangements and PWB in China. We recognize that living with family or in an institution leads to better PWB than does living alone. In addition, financial support from the government can moderate this association.


2019 ◽  
Vol 8 (6) ◽  
pp. 476-484
Author(s):  
Gabriela Fonseca ◽  
José Tomás da Silva ◽  
Maria Paula Paixão ◽  
Carla Crespo ◽  
Ana Paula Relvas

Thinking about the future is paramount in emerging adulthood. The present study examines the role of economic strain during macroeconomic hard times and family functioning on emerging adults’ domain-specific future hopes and fears and their links with psychological well-being. Participating were 418 Portuguese emerging adults aged 18–30, mean ( M) = 22.4; standard deviation ( SD) = 2.8. Results from path analysis showed that greater economic strain was associated with a higher number of financial resources–related hopes and fears, positive levels of family functioning were associated with a higher number of work/career-related hopes and fears, and a higher number of property-related hopes were associated with a greater psychological well-being. Multigroup analyses indicated that these associations were moderated by living arrangements but not by participants’ sex, age, occupational status, and socioeconomic status. In sum, this study shed light on emerging adults’ lives during times of financial instability in Portugal.


Sign in / Sign up

Export Citation Format

Share Document