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2022 Annual Conference

del 19 al 21 de May del 2022

Sheraton Sand Key, Clearwater Beach, FL, US

Proposal authors can use this tool to see where they have been placed in the program agenda for an Oral or Poster Session.

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Confirm your place in the schedule by going to the ACCI Presenter Confirm Google Sheet and marking your session with the name and email address of the author who will be attending and presenting. Each presentation must have a separate paid registraint. Contact the ACCI Office immedicately by email at admin@consumerinterests.org to report a conflict or if you have questions. Please be sure to reference the session title(s), date(s), and time(s) if you contact us.

G2b The Effects of Life Shocks, Material Hardship, and Supportive Intimate Relationships on the Assessment of Financial Well-being

sábado, el 21 de mayo de 2022 a las 10:30–12:00 EDT
Room 2
Key Words

financial well-being, life shocks, material hardship, supportive relationship, objective financial situation, current money management stress, expected future financial security 

 

Short Description

Ideally, financial well-being is the individual’s subjective assessment of their objective financial situation. In this paper, we examine how experiences of life shocks and material hardship alter the role of objective financial situation in an individual’s determination of their financial well-being and how the presence of supportive relationships can work to restore the reliance on objective markers. Using data from more than 3,000 Australian adults, we explore these associations using moderated moderation models for expected future financial security and current money management stress, the two dimensions of financial well-being. Our findings suggest that life shocks tend to reduce the individual’s reliance on objective markers while material hardship tends to increase the reliance, at least for assessments of expected future financial security. Our findings further suggest that the presence of supportive relationships may serve as a protective barrier against the effects of life shocks and/or material hardship on the individual’s assessment of their financial well-being.

Submitter

Jordan Bell, University of Georgia

Authors

Jordan Bell, University of Georgia
Jesse Jurgenson, University of Alabama
Dee Warmath, University of Georgia
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