Examining Relationships Between Financial Capital and Personal Well-Being.
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| Title: | Examining Relationships Between Financial Capital and Personal Well-Being. |
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| Authors: | Shobe, MarciaA.1 (AUTHOR), Christy, Kameri1 (AUTHOR), Hamilton, Leah1 (AUTHOR), Murphy-Erby, Yvette1 (AUTHOR), Denny, GeorgeS.2 (AUTHOR) gdenny@uark.edu, Givens, Ashley1 (AUTHOR) |
| Source: | Journal of Poverty. Jan-Mar2013, Vol. 17 Issue 1, p47-62. 16p. |
| Subject Terms: | Assets (Accounting), Savings, Social support, Self-efficacy, Well-being, Income |
| Abstract: | Researchers have traditionally examined economic well-being with income data, yet recent findings indicate positive effects of assets on well-being, independent from income. For this study, baseline data from 904 low-income individuals were used to examine relationships between income, assets, and personal, social, and economic outcomes. Baseline findings indicate that financial assets did not influence perceptions of self-efficacy, economic strain, or social support. However, an individual's age was associated with perceived outcomes, with increased age leading to decreased support and self-efficacy and increased economic strain. A discussion of findings and implications of this research for community-based strategies is provided. [ABSTRACT FROM PUBLISHER] |
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| Database: | Education Research Complete |
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| Abstract: | Researchers have traditionally examined economic well-being with income data, yet recent findings indicate positive effects of assets on well-being, independent from income. For this study, baseline data from 904 low-income individuals were used to examine relationships between income, assets, and personal, social, and economic outcomes. Baseline findings indicate that financial assets did not influence perceptions of self-efficacy, economic strain, or social support. However, an individual's age was associated with perceived outcomes, with increased age leading to decreased support and self-efficacy and increased economic strain. A discussion of findings and implications of this research for community-based strategies is provided. [ABSTRACT FROM PUBLISHER] |
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| ISSN: | 10875549 |
| DOI: | 10.1080/10875549.2012.747999 |
