This study examines the links among financial and psychological variables and overall life satisfaction during the COVID-19 pandemic. Our unique data consist of 3,570 responses from predominately low- to moderate income families and people of color. The survey data was collected online via Qualtrics during November 17 – December 15, 2021. Hierarchical linear least squares regression was used to analyze the impact of socio-economic factors, trust, optimism, and resilience on life satisfaction. The results suggest that optimism, resilience, and trust in financial institutions contribute to life satisfaction have a stronger influence than demographic and socio-economic indicators. To enhance clients’ life satisfaction, financial counselors and practitioners may want to focus on building their level of trust and resilience.

Accepted Oral Presentation