Financial well-being among college students: The role of financial literacy and financial coping behavior

Author(s):  
R.C. Sari ◽  
D. Priantinah ◽  
M.N. Aisyah
2020 ◽  
Author(s):  
Leodoro J. Labrague ◽  
Cherry Ann Ballad

AbstractBackgroundThe lockdown measures imposed by many countries since the onset of the COVID-19 pandemic have been useful in slowing the transmission of the disease; however, there is growing concern regarding their adverse consequences on overall health and well-being, particularly among young people. To date, most studies have focused on the mental health consequences of the lockdown measures, while studies assessing how this disease control measure influences the occurrence of fatigue are largely absent.AimThe aims of this study are two-fold: (a) to examine the levels of lockdown fatigue, and (2) to determine the role of coping behaviours, personal resilience, psychological well-being and perceived health in fatigue associated to the lockdown measure.MethodsThis is an online cross-sectional study involving 243 college students in the Central Philippines during the sixth month of the lockdown measure implemented due to the COVID-19 pandemic. Five standardised scales were used to collect the data.ResultsOverall, college students reported moderate levels of lockdown fatigue, with a mean score of 31.54 (out of 50). Physical exhaustion or tiredness, headaches and body pain, decreased motivation and increased worry were the most pronounced manifestations of fatigue reported. Gender and college year were identified as important predictors of fatigue. Increased personal resilience and coping skills were associated with lower levels of lockdown fatigue.ConclusionCollege students experience moderate levels of fatigue during the mandatory lockdown or home confinement period. Resilient students and those who perceive higher social support experience lower levels of fatigue during the lockdown period compared to students with low resilience and social support. Lockdown fatigue may be addressed by formulating and implementing interventions to enhance personal resilience and social support among college students.


2014 ◽  
Vol 2 (3) ◽  
Author(s):  
Kenichi Asano ◽  
Ikuo Ishimura ◽  
Masahiro Kodama

Several studies in Europe and North America have highlighted the importance of resignation or giving up. Research has shown that resignation is as important as goal attainment. Hence, this study examines, using path analysis, the effect of resignation orientation on goal disengagement and reengagement. Furthermore, this study attempts to clarify the implication of resignation orientation for elements of mental well-being. Questionnaires were completed by 261 Japanese college students. Results showed that proactive resignation orientation promotes reestablishment of alternative goals while negative resignation orientation encourages disengagement of the unattainable goals. The findings help explain the functional role of resignation orientation and can inform the development of treatment for resignation-related depression.


2020 ◽  
pp. 088626052093851
Author(s):  
Mingqi Li ◽  
Edward C. Chang ◽  
Olivia D. Chang

With the growth of positive psychology during the past two decades, increased research has been focused on identifying human virtues that not only foster well-being but also act as positive processes that mitigate the impact of life adversities. Thus, it is useful to examine how positive processes, such as hope, may impact individuals’ psychological adjustment following adversities. This study investigated the relationships among interpersonal violence, hope, as a key human strength, and negative affect conditions in a large sample ( N = 737) of Chinese male and female ( Nfemale = 409) college students. Participants completed measures assessing prior exposure to interpersonal violence, levels of both hope components (i.e., agency and pathways), negative affect, depressive symptoms, and suicidal ideation. Results from correlational analyses showed that exposure to interpersonal violence was positively and hope was negatively correlated with negative affective conditions. However, hope agency was more strongly correlated with those outcomes than hope pathways. In addition, three separate hierarchical regression analyses indicated that after accounting for demographics (i.e., age and sex) and interpersonal violence, within hope components, only hope agency remained as strong concurrent predictors of negative affective conditions. The present findings in this Chinese sample are consistent with those obtained from Turkey and the United States samples, adding evidence to the more robust role of hope, and hope agency in particular, in predicting negative psychological adjustment associated with interpersonal violence. Efforts made to address the absence of hope agency may be particularly important in future attempts to mitigate negative affective conditions linked to interpersonal violence among Chinese college students.


2016 ◽  
Vol 6 (2) ◽  
pp. 132-147
Author(s):  
Mousumi Singha Mahapatra ◽  
Swati Alok ◽  
Jayasree Raveendran

A person’s capability to manage financial matters has become important in today’s world. Availability of different types of sophisticated financial products coupled with the complexity and increased uncertainty of the economy and financial markets have generated a strong move to measure and study financial literacy among investors. The present article aims to analyze the status of financial literacy of college students with three identified antecedents, namely, socio-demographic characteristics, parental influence and attitude towards financial planning. A sample of 425 students from various colleges of the Hyderabad–Secunderabad region was studied to understand the role of the identified antecedents on financial literacy. The results of logistic regression analysis support the hypothesis that financial literacy of Indian college students is influenced by their socio-demographic characters, parental influence and their attitude towards financial planning. While both socio-demographic and parental influences have a positive impact on financial literacy, attitude towards financial planning is observed to have a negative impact.


2019 ◽  
Vol 4 (11) ◽  
pp. 1491
Author(s):  
Viving Laila ◽  
Syamsul Hadi ◽  
Subanji Subanji

<div align="center"><table width="645" border="1" cellspacing="0" cellpadding="0"><tbody><tr><td valign="top" width="439"><p><strong>Abstract:</strong> This study discusses how to implement financial literacy education in elementary school students. Financial literacy education is a person's activity in applying, understanding and managing information to make financial decisions. Financial literacy education can be taught early to provide knowledge and skills in improving financial well-being. This study uses a descriptive qualitative approach to describe the activities of teachers and students in the implementation of financial literacy education in elementary schools. This study shows that the implementation of financial literacy education can provide positive attitudes for students to participate in production activities and motivate students to save. Teachers can teach financial literacy education in accordance with the basic competencies that already exist in subjects such as mathematics and social studies. Teachers can teach the material the role of the economy in an effort to improve the lives of the people by introducing the type of business and doing activities to make a work and sell it.</p><p class="Abstract"><strong>Abstrak:</strong><em> </em>Penelitian ini membahas tentang bagaimana melaksanakan pendidikan literasi finansial pada siswa sekolah dasar. Pendidikan literasi finansial merupakan aktivitas seseorang dalam mengaplikasikan, memahami, dan mengelola informasi untuk membuat suatu keputusan finansialnya. Pendidikan literasi finansial dapat diajarkan sejak dini untuk memberikan pengetahuan dan keterampilan dalam meningkatkan kesejahteraan finansialnya. Penelitian ini menggunakan pendekatan kualitatif jenis deskriptif, untuk mendeskripsikan aktivitas guru dan siswa dalam pelaksanaan pendidikan literasi finansial di sekolah dasar. Penelitian ini menunjukkan bahwa pelaksanaan pendidikan literasi finansial dapat memberikan sikap positif siswa untuk berpartisipasi dalam kegiatan produksi dan memotivasi siswa untuk menabung. Guru dapat mengajarkan pendidikan literasi finansial sesuai dengan kompetensi dasar yang sudah ada pada mata pelajaran, seperti Matematika dan IPS. Guru dapat mengajarkan materi peran ekonomi dalam upaya menyejahterakan kehidupan masyarakat dengan mengenalkan jenis usaha serta melakukan kegiatan membuat sebuah karya dan menjualnya.</p></td></tr></tbody></table></div>


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Muhammad S. Tahir ◽  
Abdullahi D. Ahmed ◽  
Daniel W. Richards

PurposeThis study aims to test a moderated mediation model for a twofold purpose. First, to examine the mediating role of financial capability (FC) in the association between financial literacy (FL) and financial well-being (FW). Second, to analyze if non-impulsive future-oriented behavior (NIB) moderates the associations of FL with FC and FL with FW.Design/methodology/approachThe authors use the PROCESS macros in IBM SPSS Statistics to test the moderated mediation model and analyze the 2016 wave of the Household, Income and Labor Dynamics in Australia Survey.FindingsThe empirical analysis shows that FC partially mediates the association between FL and FW. Furthermore, the moderated mediation analysis shows that NIB strengthens the associations of FL with FC and FL with FW. Specifically, the positive associations of FL with FC and FL with FW significantly increase for those consumers who score high on NIB.Practical implicationsThe findings have implications for the financial services industry. Professional financial planners can positively improve the ability of consumers to deal with their financial matters by highlighting the importance of FL and NIB.Social implicationsThe study findings suggest educating consumers to discourage impulsive behavior and encourage them to create financial plans as it will enhance their ability to conduct financial tasks efficiently, improving their FW.Originality/valueTo the authors’ knowledge, this is the first study to assess a moderated mediation model, which examines the role of FC as a mediator variable and NIB as a moderator variable in the association between FL and FW.


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