scholarly journals Influence of Financial Behavior, Financial Stress and Locus of Control on Financial Well-Being among B40 Households in Selangor During the Pandemic

2021 ◽  
Vol 11 (12) ◽  
Author(s):  
Amirah Shazana Magli ◽  
Mohamad Fazli Sabri ◽  
Husniyah Abdul Rahim ◽  
Mohd Amim Othman
Keyword(s):  
Locus Of Control ◽  
Financial Stress ◽  
Well Being ◽  
Financial Behavior

scholarly journals Analysis of Factors Affecting Financial Well Being Millennial Generation in Batam

2020 ◽  
Vol 2 (1) ◽  
pp. 33
Author(s):  
Yandi Suprapto
Keyword(s):  
Financial Literacy ◽  
Millennial Generation ◽  
Negative Relationship ◽  
Financial Stress ◽  
Well Being ◽  
Financial Behavior ◽  
Financial Socialization ◽  
Factors Affecting ◽  
The People ◽  
Socialization Agents

The purpose of this study is to determine whether financial behavior, financial socialization agents, financial attitude,  financial stress, and financial literacy can influence financial well being in millennial generation in Batam City. Financial well being is described when a person is able to prosper in the field of financial finance. Welfare is reflected in the ability to meet and manage all needs and desires. While millennial is the most current generation so that it can be a hope and reflection of a country. This research method begins with the distribution of questionnaires to the people of Batam city aged 15-19 years. Data were collected as many as 300 respondents then processed with multiple regression research models using SPSS. Variable financial literacy, financial attitude and financial socialization agents provide a significant positive relationship to financial well being. Meanwhile financial stress has a significant negative relationship with financial well being. Then for financial behavior variables show no significant relationship to financial well being.

scholarly journals The Antecedents of Financial Wellness among Young Employees: Empirical Evidence in Kuala Lumpur

2019 ◽  
Vol 5 (2) ◽  
pp. 29
Author(s):  
Zahariah Mohd Zain ◽  
Irfah Najihah Basir Malan ◽  
Marziah Mokhtar ◽  
Azlin Shafinaz Mohamad Arshad ◽  
Arlinah Abdul Rashid ◽  
...  
Keyword(s):  
Locus Of Control ◽  
Work Environment ◽  
Significant Relationship ◽  
Financial Stress ◽  
Financial Behavior ◽  
Kuala Lumpur ◽  
Financial Wellness ◽  
On Line ◽  
Convenience Sampling ◽  
Stress Work

The purpose of this study is to examine the antecedents of financial wellness among young employees in Kuala Lumpur. A survey was carried out to acquire data from 324 young employees using a self-administered on-line questionnaire, utilizing convenience sampling. Results showed that financial stress, work environment, locus of control and financial behavior has significant relationship with financial wellness. It was found that financial stress, work environment, locus of control and financial behavior has significant effect on respondents’ financial wellness. Based on the results, financial wellness can be enhanced through the decreased of the employees’ financial stress and increasing of their work environment, locus of control and financial behavior.

scholarly journals Predictors of Financial Well-Being among Malaysian Employees: Examining the Mediate Effect of Financial Stress

2013 ◽  
Vol 1 (3) ◽  
pp. 61 ◽  
Author(s):  
Mohamad Fadzli Sabri ◽  
Leila Falahatib Falahati
Keyword(s):  
Financial Literacy ◽  
Financial Stress ◽  
Sampling Technique ◽  
Well Being ◽  
Financial Behavior ◽  
Financial Problem ◽  
Financial Capability ◽  
Public And Private ◽  
Policy Makers ◽  
Multi Stage

Financial well-being and its impact on the quality of life among employees have received considerable attention from researchers, consumer and financial educators, practitioners and policy makers. The purpose of this study is to examine the determinant factors of employees’ financial well-being in Malaysia. The results of this study can be used for better understanding of the relationship between and among determinants of financial well-being by highlighting the relationships among financial literacy, financial behavior, financial capability, financial problem, and financial stress. Samples were selected using multi-stage sampling technique among employees in public and private sectors. A total of 2,000 completed questionnaires were analyzed using path analysis to identify direct and indirect effects on financial well-being. The results identified that financial well-being determinants were financial literacy, financial behavior, financial capability, financial problem; and financial stress had either a direct and indirect effect on financial well-being. The findings indicated that financial stress partially mediate the effect of factors on predicting financial well-being.

scholarly journals Less Illusion of a Just World in People with Formally Diagnosed Autism and Higher Autistic Traits

2020 ◽  
Author(s):  
Alex Bertrams
Keyword(s):  
Information Processing ◽  
Individual Differences ◽  
Locus Of Control ◽  
Autistic Traits ◽  
Well Being ◽  
Autism Diagnosis ◽  
Just World ◽  
External Locus ◽  
General Belief ◽  
Autistic People

AbstractPeople differ in how strongly they believe that, in general, one gets what (s)he deserves (i.e., individual differences in the general belief in a just world). In this study (N = 588; n = 60 with a formal autism diagnosis), whether or not autistic people and those with high autistic traits have a relatively low general belief in a just world is examined. The results revealed the expected relationship between autism/higher autistic traits and a lower general belief in a just world. In a subsample (n = 388), personal belief in a just world, external locus of control, and self-deception mediated this relationship. These findings are discussed in terms of autistic strengths (less biased information processing) and problems (lowered well-being).

scholarly journals The Influence of Self-Efficacy and Locus of Control on Body Image: A Path-Analysis in Aspiring Fashion Models, Athletes and Students

2021 ◽  
Vol 18 (11) ◽  
pp. 6128
Author(s):  
Donatella Di Corrado ◽  
Marinella Coco ◽  
Maria Guarnera ◽  
Nelson Mauro Maldonato ◽  
Alessandro Quartiroli ◽  
...  
Keyword(s):  
Body Image ◽  
Locus Of Control ◽  
Body Dissatisfaction ◽  
Path Analysis ◽  
Self Efficacy ◽  
Well Being ◽  
Health Concern ◽  
Eating Attitude ◽  
Control Group ◽  
Fashion Models

It is widely documented that negative body image is a significant public health concern due to its association with symptoms of disordered eating and worse psychological well-being. The purpose of the study was to develop a path model of intrapersonal dimensions (self-efficacy and internal locus of control) as antecedents of perceived stress toward females’ body dissatisfaction and eating attitude disorders. A total of 300 females, including 100 aspiring fashion models, 100 athletes and 100 students (controls), between 15 and 24 years of age (M = 19.6, SD = 1.85) participated in the study. Measures included level of psychological stress, self-efficacy and locus of control dimensions, body dissatisfaction and eating attitude disorder indices. A path analysis confirmed our research hypothesis. Comparing the three subsamples, we found better fit indexes in the two subgroups with elevated investment on their body image with respect the control group. More specifically, the model in the group of aspiring fashion models showed the best fit index. These results indicated that aspiring fashion models have a strong desire to maintain their low body mass or to become thinner. For this reason, a suitable involvement of expert health workers in the nutritional and psychological field could be extremely essential in the fashion world to maintain a healthier well-being.

scholarly journals Consciousness, Religiosity and Locus of Control as Predictors of Well-Being among Young Adolescents

2016 ◽  
Vol 4 (1) ◽  
Author(s):  
Shaktiyanshi Raundeley ◽  
Dr. Preet Kumari
Keyword(s):  
Regression Analysis ◽  
Locus Of Control ◽  
Regression Coefficient ◽  
Well Being ◽  
Young Adolescents ◽  
Criterion Variable ◽  
Control Scale ◽  
Age Range ◽  
Negligible Contribution

The main aim of present study was to examine the relationships between well-being, Religiosity, A study was made on convenient sample of 50 young adolescents (females) age range of 18 to 22 years and used 4 tools (i) Well-being scale (Edinburgh, 2006) (ii) Religiosity scale (Bhusan,1970) (iii) Consciousness scale (Brazdau,2009) (iv)Locus of control scale (Rotter,1966). Co relational design was used. Results indicate that Well-being and Religious scores are positively correlated (r=0.31, p<0.05). There is also high positive co relational between well-being and consciousness scores (r=0.42, p<0.01). Thus increases in consciousness and religious scores led to increase in well=being scores among young adolescents. Multiple regression analysis was also used (R=0.46) and it showed that Consciousness has highest contribution in determination of criterion variable i.e. well-being, the regression coefficient being 0.15. Religiosity has less contribution and locus of control has negligible contribution, the regression coefficient being 0.05 and 0.003 respectively.

scholarly journals Financial Homo Ignorans: measuring vulnerability to behavioral biases in household finance

2020 ◽  
Author(s):  
Kinga Barrafrem ◽  
Daniel Västfjäll ◽  
Gustav Tinghög
Keyword(s):  
Financial Literacy ◽  
Household Finance ◽  
Well Being ◽  
Financial Behavior ◽  
Policy Makers ◽  
Total N ◽  
Behavioral Biases ◽  
Finance Management ◽  
Item Questionnaire ◽  
Application Potential

Understanding systematic differences in sound financial behavior between individuals is a key area for public policy and the possibility to tailor interventions to promote financial well-being. In this paper we develop and validate a concise 12 item questionnaire measuring individual’s vulnerability to behavioral biases in household finance – the Financial Homo Ignorans (FHI) Scale. We conduct two studies with general population samples (total N=2508) and show that the FHI scale can predict behavior in financial tasks such as consumer purchases, loan choices, or investment decisions, also when controlling for demographics, financial literacy and other related constructs. In addition, we show that consumer heterogeneity as assessed by the FHI scale explains the variation in household finance management and financial well-being. The FHI scale has application potential as it can be used by researchers, policy makers, and financial institutions to study the psychological underpinnings of financial behavior and design interventions by targeting individuals who are particularly vulnerable.

scholarly journals Experiencing and overcoming financial stress in married couples: A study in COVID 19 pandemic era

2021 ◽  
Vol 10 (42) ◽  
pp. 124-140
Author(s):  
Iryna P. Yakymchuk ◽  
Serhii M. Olkhovetskyi ◽  
Ilona V. Rashkovska ◽  
Halyna M. Bevz ◽  
Maryna O. Martseniuk
Keyword(s):  
Online Survey ◽  
Family Cohesion ◽  
Family Income ◽  
Family System ◽  
Coping Behavior ◽  
Financial Stress ◽  
Married Couples ◽  
Well Being ◽  
Family Coping ◽  
The Family

The article analyzes interaction of spouses in overcoming financial stress. An online survey of 136 married couples was conducted during the lockdown caused by the spread of COVID-19 accompanied by family income losses. Frequency and severity of discussions on financial topics; level of subjective economic well-being, activity of coping strategies, family cohesion and adaptation were measured. Results showed that the discussion of financial topics is a stressor for married couples, accompanied by contradictions and conflicts, but ultimately helps to improve quality of relations between spouses, and also increases the adaptability of the family system in a situation of socio-economic crisis. Subjects of conflicts were defined. Influence of gender roles on financial consciousness and behavior was shown. Wives are more likely to initiate discussions on economic topics and more inclined to economic anxiety, while husbands showed economic optimism. The severity of financial stress correlates with assessments of family cohesion. Correlations between financial well-being and coping behavior of husbands and wives represent the family as an entire open system. Partners are interdependent in overcoming financial stress. Collective family coping is determined by individual reactions of spouses. The efforts of partners can be congruent and complementary.

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