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2023 Annual Conference

May 16–18, 2023

Palace Station Hotel & Casino, Las Vegas, NV, US

IMPORTANT NOTICE: The date, time, and room assignment of YOUR presentation is SUBJECT TO CHANGE.

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Confirm your place in the schedule by following the instructionss that were emailed to you. Each presentation must have a separate paid registration. Contact the ACCI office immedicately by email at admin@consumerinterests.org to report any conflict, all corrections to the details of the presentation (including author names and the order they are listed as this is how it will be in the final program), or if you have any questions. Please be sure to reference the session title(s), date(s), and time(s) when you contact us.

H1a Financial Well-Being and Mental Health: The Moderating Role of Social Support

Thursday, May 18, 2023 at 1:00 PM–2:30 PM PDT
Room 1
Short Description

Studies suggest that an individual's financial situation is one factor that influences their mental health, although such studies tend to rely on objective markers of financial situation (e.g., debt levels) or general outlook (e.g., stress levels).  Using longitudinal survey data from 1,263 Australian adults, we examined the relationship between financial well-being and mental health as well as the moderating role of social support. We found that people with lower levels of financial well-being (i.e., higher current money management stress and lower expected future financial security) tended to have worse mental health. Perceived social support buffered this relationship for expected future financial security but not for current money management stress. Our findings suggest that efforts to improve mental health should consider the individual’s sense of financial well-being and explore opportunities to build social support.

Type of presentation

Accepted Oral Presentation

Submitter

Mercy Oloo, University of Georgia

Authors

Mercy Oloo, University of Georgia
Dee Warmath, University of Georgia
Miti Mehta, University of Georgia
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