Future time perspective and consumer well-being of millennials: implications for consumer resilience

International Journal of Bank Marketing, Journal Year: 2023, Volume and Issue: 41(5), P. 1154 - 1176

Published: March 6, 2023

Purpose The study investigated the relationship between future time perspective and financial well-being among Chinese working millennials its serial mediators, such as goal clarity, subjective knowledge responsible behaviour, to foster consumer resilience in realm. Design/methodology/approach A total of 526 (Mage = 31.78) participated online survey response questions on demographic characteristics items measure variables adopted research model. Covariance-based structural equation modelling (CB-SEM) AMOS version 27 were used test hypotheses. Findings results revealed a positive correlation well-being. Moreover, showed that behaviour serially mediated Practical implications findings provide for companies policymakers refine their intervention programmes boost young millennials' perspectives reinforcing clarity which turn fosters contributing boosting overall resilience. Future studies should deepen way studied factors are leveraged tool improve individuals' economic Originality/value this shed light underlying mechanisms drive promote millennials.

Language: Английский

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Analysis of demographic variation and childhood correlates of financial well-being across 22 countries

Nature Human Behaviour, Journal Year: 2025, Volume and Issue: unknown

Published: April 30, 2025

Language: Английский

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Healthy lifestyle mediates the association between health locus of control and life satisfaction among college students in Hubei, China: during the normalization stage of COVID-19 epidemic prevention and control

Archives of Public Health, Journal Year: 2023, Volume and Issue: 81(1)

Published: July 24, 2023

Previous studies have primarily focused on the relationships among health locus of control (HLC), healthy lifestyle and life satisfaction college students. However, little is known about mediating mechanism other two aspects. This study aims to address this issue.A total 2394 students from six colleges in Hubei Province validly completed self-report questionnaires, including Satisfaction with Life Scale (SWLS), Healthy Lifestyle Questionnaire for Multidimensional Health Locus Control (MHLC), which covered three dimensions: internal HLC, powerful others HLC chance HLC. Partial least squares structural equation modelling (PLS-SEM) was employed analyses hypothesized path model, a mediation analysis used verify indirect relationships.Healthy showed positive relations both but significant negative association In addition, mediated satisfaction.Healthy mediates impact satisfaction. Students high IHLC tend develop healthier higher LS. Powerful also exert effects collectivist cultural backgrounds. Thus, should give full play role psychological physical education courses improving students' IHLC. Meanwhile, guiding effect be stressed. Further, particular emphasis placed peer influence, new media publicity functions, community intervention, systematic appraisal, especially during after public emergencies.

Language: Английский

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Economic predictors of the subjective experience of financial stress

Journal of Behavioral and Experimental Finance, Journal Year: 2024, Volume and Issue: 42, P. 100933 - 100933

Published: April 3, 2024

The subjective experience of financial stress has profound implications for well-being, health, cognitive performance, and decision-making. In a sample Dutch households (N = 1,114), we studied the association five economic factors - income, saving, debts, income volatility, employment with four-factor measure stress: 1) an appraisal insufficient resources, 2) lack control over one's situation, 3) worries rumination, 4) short-term focus. This enabled us to examine factors' relative contributions predicting5 stress. We found that combination predicted better than alone. Particularly, buffer savings had large contribution predicting number debts smaller stress, whereas did not find support debt amount as predictor Employment was negatively associated but only lowest incomes. no volatility These results imply research policy on should have broader scope alone take more integrative approach households' considering savings, unemployment.

Language: Английский

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Leading in times of crisis and remote work: perceived consideration leadership behavior and its effect on follower work engagement

Frontiers in Organizational Psychology, Journal Year: 2024, Volume and Issue: 2

Published: March 20, 2024

Based on the job-demands resources theory, we examine whether leadership behavior affects followers' work engagement in context of remote during times crisis, and how this effect can be explained. We focus consideration its impact under conditions enforced COVID-19 pandemic. Therein, role optimism as a potential mediator. To better understand unfolds crises, being new to feeling personally impacted by amplified proposed relationship between engagement. A sample 729 German employees participated three-wave study across 6 weeks May June 2020. Longitudinal structural equation modeling uncovered direct positive effects changes second time lag (T2 T3), while did not mediate effect. Multigroup comparisons revealed that who worked from home were particularly responsive leadership. No moderating found for pandemic employees. The discussion highlights critical motivation wellbeing crisis work.

Language: Английский

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When “good enough” is not good enough: How maximizing benefits financial well‐being

Psychology and Marketing, Journal Year: 2023, Volume and Issue: 41(2), P. 308 - 327

Published: Nov. 6, 2023

Abstract A maximizing decision‐making style is generally associated with lower individual well‐being. That is, even though maximizers invest more time and resources in finding the best option achieve better outcomes than satisficers, they are still dissatisfied those outcomes. Contrary to this general consensus that negatively overall well‐being, across two studies we show actually positively individuals' financial well‐being . We find measured dispositional regardless of whether operationalized as having high standards or tendency engage alternative search (Study 1) replicate relationship experimentally induced situational 2). identify self‐control (both a trait behavioral outcome an experimental choice task) mediator aforementioned relationship. Our findings offer guidance service providers policymakers on how improve consumers' such encouraging consumers meticulous while evaluating products services (e.g., home loans, retirement plans, investments) possible option.

Language: Английский

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The effect of psychological factors on financial behaviour among older Australians: Evidence from the early stages of COVID-19 pandemic

PLoS ONE, Journal Year: 2023, Volume and Issue: 18(6), P. e0286733 - e0286733

Published: June 8, 2023

The current study investigated the association between psychological factors and financial behaviour during COVID-19 pandemic in older people. Older people were chosen compared to other age groups because of relatively greater impact this group suboptimal decisions on future wellbeing. We hypothesised that facilitating general wellbeing COVID-I9 pandemic, i.e., positive mental wellbeing, hope, coping, will have effects behaviour. Based telephone interviews, 1501 Australians (Men = 750 Women 751; 55-64y 630; > 65y 871) completed an omnibus questionnaire examining Data was analysed using logistic regression ordinary two-stage least square frameworks. Analyses revealed identified as also facilitated with hope emerging significant determinants. weightings from principal component analysis, one item each scale eigenvalues 1 found be robust predictors behaviours. In conclusion, findings support assumption associated are They further raise possibility single well-being items can used monitor health predict and, particular, at times crisis. latter may useful measures for government inform policy supporting

Language: Английский

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Cross-Cultural Adaptation and Validation of the Multidimensional Subjective Financial Well-Being Scale in Brazilian Adults

Journal of Family and Economic Issues, Journal Year: 2024, Volume and Issue: unknown

Published: June 8, 2024

Language: Английский

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