Emerging adults’ financial well-being and financial stress: An intensive longitudinal study to understand relationships and describe change|BENESSERE FINANZIARIO E STRESS FINANZIARIO NEI GIOVANI ADULTI: UNO STUDIO LONGITUDINALE INTENSIVO PER COMPRENDERE I LEGAMI E DESCRIVERE IL CAMBIAMENTO

The present study, adopting an intensive longitudinal design, aims to describe (1) the daily change in financial well-being; (2) the relationship between the sub-dimensions of financial well-being – cognitive, behavioural, social, materialistic, tempo965 ral – and the relationship they have with financial stress; (3) the relationship that financial well-being and financial stress have with life satisfaction. Measures of financial well-being, financial stress and life satisfaction were administered to 158 Italian young adults (70.3% women) aged between 20 and 30 years (M = 25.09; SD = 2.46) over the course of 14 consecutive days. The descriptive analysis (indices, correlations, graphs) of the collected data made it possible to (1) prove that all dimensions of financial well-being have fluctuations from day to day; (2) recognize that financial stress should be considered as a sub-dimension of financial well-being; (3) demonstrate that both financial well-being and financial stress are related to life satisfaction.