Family Economic Well-Being

Xiao, Jing Jian

doi:10.1007/978-1-4614-3987-5_24

Cited by 19 publications

(18 citation statements)

References 171 publications

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“…The individual that can handle their finances well will maintain positive well-being, however, disturbance in 56 individuals' financial well-being will cause long-term ramifications on their psychological, emotional, and relational well-being (So-hyun Joo & John E. Grable, 2004). There are three leading indicators in evaluating financial well-being which include the amount of future savings (Andrea Finney, 2016) level of debt (Andrea Finney, 2016;Gutter & Copur, 2011)and bankruptcy rate (Xiao, 2013).…”

Section: Issues Research Problem and Research Questionsmentioning

confidence: 99%

Pathway to Financial Well-being: A review on the role of psychological factors

Ghazali

Alwi

Aziz

et al. 2020

E-BPJ

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This paper aimed to complete a rigorous, systematic exploration of the literature investigating the effects of psychological factors on the financial well-being in Malaysia context. We identified 13 papers that report empirical evidence on the effect of psychological factors on the financial well-being in Malaysia context. The findings conclude that the studies in financial well-being are focusing on four groups of respondents namely college student, young employees, singles mothers and Muslim individual and the eleven types of psychological variables are identified. This assemblage of reviewed research papers will be useful for the academia and government to cultivate understanding on the psychological rumblings of an individual and leading to greater financial well-being, hence uplifting the quality of life of affected parties.Keywords: Financial well-being; Financial behaviour; Psychological Factors;eISSN: 2398-4287 © 2020. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BYNC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia.DOI: https://doi.org/10.21834/e-bpj.v5i13.2063

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Section: Issues Research Problem and Research Questionsmentioning

confidence: 99%

Pathway to Financial Well-being: A review on the role of psychological factors

Ghazali

Alwi

Aziz

et al. 2020

E-BPJ

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“…In the literature, subjective financial well‐being is defined as a status in which individuals presently believe to have “sustainably adequate economic resources to live a comfortable life” (Xiao, , p. 573) now and in the future. Subjective financial well‐being is an outcome of economic inputs such as current and expected income and—most relevant for the current study—wealth, but also depends on current and anticipated needs.…”

Section: Introductionmentioning

confidence: 99%

Individual Wealth and Subjective Financial Well‐being in Marriage: Resource Integration or Separation?

Lersch

2017

J of Marriage and Family

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Economic wealth is mostly assumed to be a household‐level resource that is pooled by spouses in married couples. Using comprehensive data on the individual wealth of both spouses in married couples from the German Socio‐Economic Panel Study (N = 13,623 individuals), the author tests this assumption. To this end, the associations between individuals' wealth and their spouses' wealth with individuals' subjective financial well‐being are examined. Results show that women's financial well‐being is equally associated with their own individual wealth and their spouses' wealth in older birth cohorts. In younger birth cohorts, women's financial well‐being is more strongly associated with their own individual wealth than with their spouses' wealth. For men from all birth cohorts, their own individual wealth is more strongly related to their financial well‐being than is their spouses' wealth. These findings suggest that wealth is not generally and fully pooled and that individual ownership matters within married couples in Germany.

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“…Surprisingly in 2011, 3000 public employees were reported bankrupt (Lee & Singh, 2013). Bankruptcy is one of the sign of economic ill being according to Xiao (2013). Thus, more analyses on employees' financial well-being are very crucial and need to be investigated.…”

Section: Introductionmentioning

confidence: 99%

Financial Well-Being among Public Employees in Malaysia: A Preliminary Study

Mokhtar¹,

Husniyah²,

Sabri³

et al. 2015

ASS

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Public employee's innovativeness, responsiveness, efficiency and friendliness in services are the core prescriptions to enhance the competitiveness of one's country. Financial well-being and employees are two aspects that consequently related with each other that have received substantial deliberation from researchers, employers and financial advisor. Financial well-being can affect both direct and indirectly towards an individual, team and also organization. Changes in employee's financial well-being level whether it becomes high or low will affect their job performance. The purpose of this study is to discuss the level of public employee's financial well-being in Malaysia as well as to examine the determinants of financial well-being. A total of 73 questionnaires have been distributed through e-survey (email based) using convenient sampling technique in order to conduct this pilot test (pre-test). Only 30 public employees have participated in this study. The results identified that majority of public employees is at the moderate level of financial well-being. Even so, appropriate action should be taken through financial education in order to prevent worst case scenario in the future.

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Family Economic Well-Being

Cited by 19 publications

References 171 publications

Pathway to Financial Well-being: A review on the role of psychological factors

Pathway to Financial Well-being: A review on the role of psychological factors

Individual Wealth and Subjective Financial Well‐being in Marriage: Resource Integration or Separation?

Financial Well-Being among Public Employees in Malaysia: A Preliminary Study

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