Determinants of financial worry
| dc.contributor.author | Magwegwe, Frank Mashoko | |
| dc.contributor.author | MacDonald, Maurice M. | |
| dc.contributor.author | Lim, HanNa | |
| dc.contributor.author | Heckman, Stuart J. | |
| dc.contributor.email | MagwegweF@gibs.co.za | en_US |
| dc.date.accessioned | 2022-11-29T07:17:51Z | |
| dc.date.available | 2022-11-29T07:17:51Z | |
| dc.date.issued | 2022 | |
| dc.description.abstract | Grounded in the transactional stress-coping theory and the Tallis and Eysenck (1994) model of nonpathological worry, the present study sought to advance the conceptual and empirical understanding of financial worry (FW). We positioned objective financial stressors (OFS), subjective financial stressors (SFS), and coping resources as key variables in understanding the determinants of financial worry (FW). The cross-sectional data consisted of responses from a representative sample of 19,385 adults, aged 18 and older, drawn from a large U.S. survey. Hierarchical linear regression results revealed that OFS, SFS, household income, and financial capability (FC) are all key determinants of FW. Furthermore, the results revealed adverse effects of OFS and SFS on FW. These effects were moderated by household income, FC, age, and gender. Implications for future research, employers, practitioners, and policymakers are discussed. | en_US |
| dc.description.department | Gordon Institute of Business Science (GIBS) | en_US |
| dc.description.librarian | hj2022 | en_US |
| dc.description.uri | http://wileyonlinelibrary.com/journal/joca | en_US |
| dc.identifier.citation | Magwegwe, F.M., MacDonald, M.M., Lim, H., & Heckman, S. J. (2022). Determinants of financial worry. Journal of Consumer Affairs, 57(1), 171–221. https://doi.org/10.1111/joca.12496MAGWEGWEET AL.221. | en_US |
| dc.identifier.issn | 0022-0078 (print) | |
| dc.identifier.issn | 1745-6606 (online) | |
| dc.identifier.other | 10.1111/joca.12496 | |
| dc.identifier.uri | https://repository.up.ac.za/handle/2263/88525 | |
| dc.language.iso | en | en_US |
| dc.publisher | Wiley | en_US |
| dc.rights | © 2022 The Authors. Journal of Consumer Affairs published by Wiley Periodicals LLC on behalf of American Council on Consumer Interests. This is an open access article under the terms of the Creative Commons Attribution-NonCommercial License. | en_US |
| dc.subject | Financial worry | en_US |
| dc.subject | Objective financial stressors (OFS) | en_US |
| dc.subject | Subjective financial stressors (SFS) | en_US |
| dc.subject | Coping resources | en_US |
| dc.subject | Financial capability | en_US |
| dc.subject | Moderators | en_US |
| dc.subject | Perceived threat | en_US |
| dc.title | Determinants of financial worry | en_US |
| dc.type | Article | en_US |