Financial well-being and subjective/psychological wel--being among youth: how uncertainty and abiguity tolerance affects their relationship.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Financial well-being has recently become a topic of considerable interests. It refers to the subjective experience of being financially healthy and is based on subjective evaluation of one’s financial experience. Financial well-being has been considered a predictor of psychological and subjective well-being. However, the role of personal characteristics in affecting their relationship has rarely been considered. The present study aims at exploring the relationship between financial well-being and subjective/psychological wellbeing in a group of 449 Italian and Portuguese young adults by accounting for the individual differences concerning the ability to tolerate ambiguity and uncertainty. We firstly performed a cluster analysis to identify different profiles of ambiguity and uncertainty tolerance. Later, we performed a multi-group analysis in order to test if the relation between financial well-being and subjective/psychological well-being changes across the 4 profiles we identified. Results indicate that the ambiguity and uncertainty tolerance is a significant moderator of the relation.
Original languageEnglish
Title of host publicationSEPEX-SEPNECA-AIP experimental. Madrid 2018
Pages63
Number of pages1
Publication statusPublished - 2018
EventXXIV Congresso dell'Associazione Nazionale di Psicologia (AIP)- Sezione Sperimentale - MADRID -- ESP
Duration: 3 Jul 20186 Jul 2018

Conference

ConferenceXXIV Congresso dell'Associazione Nazionale di Psicologia (AIP)- Sezione Sperimentale
CityMADRID -- ESP
Period3/7/186/7/18

Keywords

  • financial well-being
  • subjective and psychological well-being

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