Childhood Financial Socialization and Debt-Related Financial Well-Being Indicators in Adulthood

2019 ◽  
Vol 30 (2) ◽  
pp. 213-230
Author(s):  
David Allen Ammerman ◽  
Cherie Stueve
Keyword(s):  
Positive Association ◽  
Household Survey ◽  
Well Being ◽  
Financial Knowledge ◽  
Financial Socialization ◽  
Potential Influence ◽  
Short Term ◽  
Current Ratio ◽  
Liquid Asset ◽  
A Current

The purpose of this study was to explore the potential influence of childhood financial socialization on financial well-being in adulthood. Using a sample (N = 2,213) from De Nederlandsche Bank Household Survey (DHS) we modeled the likelihood of household debt/asset ratio less than or equal to 40%, and the likelihood of a household reporting a current ratio (liquid asset /short-term debt ratio) greater than or equal to 100%. Consistent with predictions of social learning theory, being encouraged to save during childhood had a positive association with meeting the financial planning industry benchmarks for these financial ratios in adulthood. The key implication is that the path to financial well-being does not begin with financial knowledge attained in adulthood, but instead begins with experiential learning and socialization during childhood.

scholarly journals Financial citizenship as a broader democratic context of financial literacy

2020 ◽  
pp. 204717342094841
Author(s):  
Medhat Khalil
Keyword(s):  
Financial Literacy ◽  
Global Education ◽  
Well Being ◽  
Financial Knowledge ◽  
Future Generations ◽  
Modern World ◽  
World Population ◽  
Financial Socialization ◽  
Political Systems ◽  
Financial Decisions

Financial citizenship is crucial in our modern world. Financial citizenship is underpinned by the education of future generations so that they can understand both their local and global economies to make the best financial decisions concerning their lives. This paper discusses financial literacy, how it relates to individual citizens, and how it correlates with social, political and business spheres. According to current financial capability models, every individual’s financial well-being can be boosted by developing their financial knowledge and competency, which will improve their motivations and confidence. Societal constructs significantly create financial socialization, which increases our accessibility and engagements with institutions, businesses, political systems and society as a whole. Being educated about the details required for financial literacy is every human being’s right. Citizens have been characterized as being personally responsible, participatory or justice oriented; each person’s specific perspective can impact their financial lives, which supports the importance of the current concept of financial citizenship. Boosting global education about economic citizenship will help to reduce poverty, create more sustainable economic environments, and improve social outcomes and the life satisfaction of the world population. These concepts will be explored and discussed in this paper.

scholarly journals Financial Planning through the Liquidity Ratios for HDFC and SBI Banks

2021 ◽  
Vol 11 (4) ◽  
pp. 2616-2628
Author(s):  
Dr.M. Geeta ◽  
Dr.C. Nagasivanand
Keyword(s):  
Statistical Analysis ◽  
Financial Planning ◽  
Vital Role ◽  
High Ratio ◽  
High Current ◽  
Short Term ◽  
Current Ratio ◽  
The Future ◽  
A Current ◽  
Descriptive Statistical Analysis

Financial planning and Analysis plays a vital role in the evaluation of Budget and forecasting for the future periods. One of the tools is financial planning through the liquidity ratios calculation and Analysis of the ratios. The present study concentrates on current ratio and Cash ratio of both banks for evaluating the cash fluidness. The analysis of current ratio infers about the liquidity position of the firm, which is crucial in paying short-term liabilities. The current ratio is calculated by dividing current assets with current liabilities. The current ratio is called as “current” because it includes all current assets and current liabilities for a particular accounting year. A current ratio which is less than the industry average is an indicator of risk of default and distress. A high ratio indicates that the organization is utilizing the assets efficiently. The current ratio is used as yardstick for short term solvency of the firm. A high current ratio enables the firm to cover all the current liabilities of a particular accounting year. But it is also an indicator of non efficient usage of short term assets. A current ratio of 1.5 indicates that for 1.5 current assets to 1 current liabilities. The current assets are those assets which can be converted in to cash within the specified year. The second objective of the study is to compare the liquidity stand of the banks through analysis of cash ratio’s of the selected banks. The cash ratio helps the banks to is identify the deposited amount which can be used for the credit lending purposes for an accounting year. The cash ratio is calculated by dividing cash equivalents plus cash with current liabilities. The present study is financial planning through current ratios for HDFC and SBI banks operating in India. The data is collected through the official websites of banks. The data is collected for the years from March 16 to March 20. The analysis is done through the calculation of current ratio, descriptive statistical analysis, bar charts for both the banks.

Perceived Overprotection and Its Association With Quality of Life in Dementia

GeroPsych ◽  
2019 ◽  
Vol 32 (3) ◽  
pp. 125-134
Author(s):  
Mechthild Niemann-Mirmehdi ◽  
Andreas Häusler ◽  
Paul Gellert ◽  
Johanna Nordheim
Keyword(s):  
Quality Of Life ◽  
Patient Autonomy ◽  
Positive Association ◽  
Well Being ◽  
Negative Association ◽  
Significant Positive Association ◽  
Cross Sectional ◽  
People With Dementia ◽  
Mental Well Being

Abstract. To date, few studies have focused on perceived overprotection from the perspective of people with dementia (PwD). In the present examination, the association of perceived overprotection in PwD is examined as an autonomy-restricting factor and thus negative for their mental well-being. Cross-sectional data from the prospective DYADEM study of 82 patient/partner dyads (mean age = 74.26) were used to investigate the association between overprotection, perceived stress, depression, and quality of life (QoL). The analyses show that an overprotective contact style with PwD has a significant positive association with stress and depression, and has a negative association with QoL. The results emphasize the importance of avoiding an overprotective care style and supporting patient autonomy.

Intraindividual Variability and Stability of Affect and Well-Being

GeroPsych ◽  
2013 ◽  
Vol 26 (3) ◽  
pp. 185-199 ◽  
Author(s):  
Christina Röcke ◽  
Annette Brose
Keyword(s):  
Age Differences ◽  
Well Being ◽  
Subjective Well Being ◽  
Emotional Experiences ◽  
Short Term ◽  
Regulatory Processes ◽  
Functional Implications ◽  
Methodological Approaches ◽  
Underlying Processes

Whereas subjective well-being remains relatively stable across adulthood, emotional experiences show remarkable short-term variability, with younger and older adults differing in both amount and correlates. Repeatedly assessed affect data captures both the dynamics and stability as well as stabilization that may indicate emotion-regulatory processes. The article reviews (1) research approaches to intraindividual affect variability, (2) functional implications of affect variability, and (3) age differences in affect variability. Based on this review, we discuss how the broader literature on emotional aging can be better integrated with theories and concepts of intraindividual affect variability by using appropriate methodological approaches. Finally, we show how a better understanding of affect variability and its underlying processes could contribute to the long-term stabilization of well-being in old age.

Positive Emotions

2009 ◽  
pp. 12-24 ◽  
Author(s):  
Michael A. Cohn ◽  
Barbara L. Fredrickson
Keyword(s):  
Positive Emotions ◽  
Well Being ◽  
Life Outcomes ◽  
Short Term ◽  
Future Success ◽  
Broaden And Build Theory ◽  
Mental And Physical Health ◽  
Very High ◽  
Future Growth

Positive emotions include pleasant or desirable situational responses, ranging from interest and contentment to love and joy, but are distinct from pleasurable sensation and undifferentiated positive affect. These emotions are markers of people's overall well-being or happiness, but they also enhance future growth and success. This has been demonstrated in work, school, relationships, mental and physical health, and longevity. The broaden-and-build theory of positive emotions suggests that all positive emotions lead to broadened repertoires of thoughts and actions and that broadening helps build resources that contribute to future success. Unlike negative emotions, which are adapted to provide a rapid response to a focal threat, positive emotions occur in safe or controllable situations and lead more diffusely to seeking new resources or consolidating gains. These resources outlast the temporary emotional state and contribute to later success and survival. This chapter discusses the nature of positive emotions both as evolutionary adaptations to build resources and as appraisals of a situation as desirable or rich in resources. We discuss the methodological challenges of evoking positive emotions for study both in the lab and in the field and issues in observing both short-term (“broaden”) and long-term (“build”) effects. We then review the evidence that positive emotions broaden perception, attention, motivation, reasoning, and social cognition and ways in which these may be linked to positive emotions' effects on important life outcomes. We also discuss and contextualize evidence that positive emotions may be detrimental at very high levels or in certain situations. We close by discussing ways in which positive emotions theory can be harnessed by both basic and applied positive psychology research.

scholarly journals Men’s experiences of radiotherapy treatment for localized prostate cancer and its long-term treatment side effects: a longitudinal qualitative study

2021 ◽  
Author(s):  
E. Sutton ◽  
◽  
J. A. Lane ◽  
M. Davis ◽  
E. I. Walsh ◽  
...  
Keyword(s):  
Prostate Cancer ◽  
Side Effects ◽  
External Beam Radiotherapy ◽  
Qualitative Interviews ◽  
Well Being ◽  
Localized Prostate Cancer ◽  
Short Term ◽  
Age Related ◽  
Qualitative Interview Study ◽  
Long Term Treatment

Abstract Purpose To investigate men’s experiences of receiving external-beam radiotherapy (EBRT) with neoadjuvant Androgen Deprivation Therapy (ADT) for localized prostate cancer (LPCa) in the ProtecT trial. Methods A longitudinal qualitative interview study was embedded in the ProtecT RCT. Sixteen men with clinically LPCa who underwent EBRT in ProtecT were purposively sampled to include a range of socio-demographic and clinical characteristics. They participated in serial in-depth qualitative interviews for up to 8 years post-treatment, exploring experiences of treatment and its side effects over time. Results Men experienced bowel, sexual, and urinary side effects, mostly in the short term but some persisted and were bothersome. Most men downplayed the impacts, voicing expectations of age-related decline, and normalizing these changes. There was some reticence to seek help, with men prioritizing their relationships and overall health and well-being over returning to pretreatment levels of function. Some unmet needs with regard to information about treatment schedules and side effects were reported, particularly among men with continuing functional symptoms. Conclusions These findings reinforce the importance of providing universal clear, concise, and timely information and supportive resources in the short term, and more targeted and detailed information and care in the longer term to maintain and improve treatment experiences for men undergoing EBRT.

scholarly journals Characteristics of those most vulnerable to employment changes during the COVID-19 pandemic: a nationally representative cross-sectional study in Wales

2021 ◽  
pp. jech-2020-216030
Author(s):  
Benjamin J Gray ◽  
Richard G Kyle ◽  
Jiao Song ◽  
Alisha R Davies
Keyword(s):  
Multinomial Logistic Regression ◽  
Household Survey ◽  
Well Being ◽  
Employment Outcomes ◽  
Cross Sectional Study ◽  
Public Health Response ◽  
Cross Sectional ◽  
Exact Test ◽  
Nationally Representative ◽  
The Impact

BackgroundThe public health response to the SARS-CoV-2 (COVID-19) pandemic has had a detrimental impact on employment and there are concerns the impact may be greatest among the most vulnerable. We examined the characteristics of those who experienced changes in employment status during the early months of the pandemic.MethodsData were collected from a cross-sectional, nationally representative household survey of the working age population (18–64 years) in Wales in May/June 2020 (n=1379). We looked at changes in employment and being placed on furlough since February 2020 across demographics, contract type, job skill level, health status and household factors. χ2 or Fisher’s exact test and multinomial logistic regression models examined associations between demographics, subgroups and employment outcomes.ResultsOf our respondents, 91.0% remained in the same job in May/June 2020 as they were in February 2020, 5.7% were now in a new job and 3.3% experienced unemployment. In addition, 24% of our respondents reported being placed on furlough. Non-permanent contract types, individuals who reported low mental well-being and household financial difficulties were all significant factors in experiencing unemployment. Being placed on ‘furlough’ was more likely in younger (18–29 years) and older (60–64 years) workers, those in lower skilled jobs and from households with less financial security.ConclusionA number of vulnerable population groups were observed to experience detrimental employment outcomes during the initial stage of the COVID-19 pandemic. Targeted support is needed to mitigate against both the direct impacts on employment, and indirect impacts on financial insecurity and health.

scholarly journals Effect of Career Adaptability on Subjective Well-Being of Middle-Aged and Older Employees

2021 ◽  
Vol 13 (5) ◽  
pp. 2570
Author(s):  
Makiko Takao ◽  
Nobutaka Ishiyama
Keyword(s):  
Satisfaction With Life ◽  
Positive Association ◽  
Well Being ◽  
Satisfaction With Life Scale ◽  
Career Adaptability ◽  
Subjective Well Being ◽  
Middle Aged ◽  
Significant Positive Association ◽  
Older Employees ◽  
Two Factors

This study aimed to elucidate how career adaptability (CA) affects subjective well-being by focusing on the psychological adjustment of middle-aged and older workers. Two web-based surveys were conducted at 1-year and 3-month intervals with 3540 workers aged 40 to 64 years, including those eligible for both position-retirement and reemployment. Factor analysis of CA in the first wave extracted two factors “control and confidence” and “concern and curiosity”. Multiple regression analysis, adjusted for important covariates, was conducted with the overall CA and the two factors of CA as the independent variables, and scores of the Satisfaction with Life Scale (SWLS) as the dependent variable. For satisfaction with life, only concern and curiosity had a significant positive association, while control and confidence had no significant association. Analysis by employment stage indicated that only concern and curiosity had a significant positive association with satisfaction with life, while control and confidence had no significant association with any employment stage. The results suggest that the effect of CA on satisfaction with life remains the same, even among those who are position-retired or reemployed at the end of their vocational lives, which is a transition period in their lives.

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