Undergraduate Financial Stress, Financial Self-Efficacy, and Major Choice:  A Multi-Institutional Study

Fosnacht, Kevin; Calderone, Shannon

doi:10.4148/1944-9771.1129

Cited by 22 publications

(18 citation statements)

References 22 publications

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“…Students' borrowing behavior (e.g., credit card debt, etc.) is also one of the main factors relating to financial stress (Fosnacht & Calderone, 2017;Fosnacht & Dong, 2013).…”

Section: Multiple Stressors Of College Studentsmentioning

confidence: 99%

Latent profiles of stress and their relationships with depression and problematic Internet use among college freshmen

Liao

Chen

Lin

2018

Scandinavian J Psychology

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As noted in previously published literature, college students frequently experience academic stress, financial stress, and the stresses caused by intimate, peer, and parent–adolescent relationships. The present study uses latent profile analysis to identify stress profiles based on the aforementioned five stressors among 430 college freshmen. Thereafter, we compare the levels of depression and problematic Internet use (PIU) among the different profile groups and investigate whether background variables could predict each latent stress group. Three latent groups were labelled as follows: Ordinary (n = 257, 59.77%); all moderate‐high (n = 98, 22.79%); and college‐life moderate‐high (n = 75, 17.44%). Compared with the ordinary group, the all moderate‐high and college‐life moderate‐high groups displayed significantly higher levels of depression. Moreover, the all moderate‐high group had a severer level of PIU than the college‐life moderate‐high and ordinary groups. Interestingly, males and students who were dating were more likely to fall under the all moderate‐high group than the college‐life moderate‐high group; but students who were more concerned with their academic performance were more likely to fall under the college‐life moderate‐high group than the all moderate‐high group. These findings have important implications for college educators and school counsellors with regard to developing appropriate interventions as required.

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“…Students' borrowing behavior (e.g., credit card debt, etc.) is also one of the main factors relating to financial stress (Fosnacht & Calderone, 2017;Fosnacht & Dong, 2013).…”

Section: Multiple Stressors Of College Studentsmentioning

confidence: 99%

Latent profiles of stress and their relationships with depression and problematic Internet use among college freshmen

Liao

Chen

Lin

2018

Scandinavian J Psychology

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“…These students often reported greater worry over finances, including the ability to pay bills, food, and housing. It is unclear to what extent financial problems played a role in academic success in this instance, but academic performance has long been associated with financial stress (Fosnacht & Calderone, 2017). Continued efforts towards more scholarships, financial aid packages, and teaching personal finance may improve academic performance by relieving financial stressors.…”

Section: Characteristics Of Students Reporting Struggling Academically After Covid-19mentioning

confidence: 98%

Assessment of the impact of COVID-19 on honors student learning, institutional connections, and intent to return to campus

Wiltse

Gonda

Massmann

et al. 2020

JEHC

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The COVID-19 pandemic quickly converted classes to an online format in the middle of the academic semester at South Dakota State University (SDSU), USA. Our objectives were 1) to identify factors affecting student learning and connectivity following this transition and 2) to evaluate differences between honors and non-honors students. Students (n=230) were surveyed with Likert-type, descriptive, and open-ended questions about their experiences following the transition. Clear, frequent communication between students and SDSU was identified as the most appreciated aspect of SDSU’s response. Students who reported struggling academically following the transition were more likely to be facing difficulties with finances and access to or use of online learning technology. Honors students reported fewer technology barriers and financial stressors than non-honors students. Degree completion and social connections were driving the desire to return to face-to-face classes, but this enthusiasm was dampened by COVID-19-related health concerns. Communication, structure, and flexibility were identified as factors affecting student success.

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“…Another financial factor, education debt, has lifelong implications for career choices (Baum & Saunders, 1998;Fosnacht & Calderone, 2017), such as retirement. For older workers to have education debt, it means their past wages were likely not sufficient to pay off the debt.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Healthcare Professionals’ Retirement Intentions: The Roles of Financial and Work Factors

Shobo¹,

Wong²

2019

Journal of Financial Therapy

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Delayed retirement has been utilized to provide a short-term solution to the healthcare workforce demand-supply gap arising from increased retirement and healthcare needs by the aging population. To adequately design an effective financial therapy and retirement delaying program, a knowledge of key factors affecting retirement intentions is critical. This study examines the influences of financial and work-related factors on retirement intentions among a sample of 21,860 healthcare professionals between 50 to 65 years old. Using data from the Virginia's 2016 Dentist, Licensed Practical Nurse, Registered Nurse, Physician, and Pharmacist Surveys, multinomial logistic regressions were conducted to identify key factors associated with retirement intentions. Study findings show that having lower income, education debt, and higher job satisfaction, among other factors, were associated with delayed retirement intentions. Incorporating this finding will be key in the creation of successful retirement delaying programs, and ultimately in the reduction of the healthcare workforce demand-supply gap.

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Undergraduate Financial Stress, Financial Self-Efficacy, and Major Choice: A Multi-Institutional Study

Cited by 22 publications

References 22 publications

Latent profiles of stress and their relationships with depression and problematic Internet use among college freshmen

Latent profiles of stress and their relationships with depression and problematic Internet use among college freshmen

Assessment of the impact of COVID-19 on honors student learning, institutional connections, and intent to return to campus

Healthcare Professionals’ Retirement Intentions: The Roles of Financial and Work Factors

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