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Cited by 842Financial Literacy, Pension, Retirement AnalysisPsychological Well-being and Life SatisfactionFinancial Literacy and Behavior

The DOI matches its Crossref record; 77 of the 78 references it cites were found in a registry or an index.

How Am I Doing? Perceived Financial Well-Being, Its Potential Antecedents, and Its Relation to Overall Well-Being

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Netemeyer, Richard G, Warmath, Dee, Fernandes, Daniel, Lynch, John G·2018·Journal of Consumer Research
DOI 10.1093/jcr/ucx109
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Abstract

Though perceived financial well-being is viewed as an important topic of consumer research, the literature contains no accepted definition of this construct. Further, there has been little systematic examination of how perceived financial well-being may affect overall well-being. Using consumer financial narratives, several large-scale surveys, and two experiments, we conceptualize perceived financial well-being as two related but separate constructs: 1) stress related to the management of money today (current money management stress), and 2) a sense of security in one’s financial future (expected future financial security). We develop and validate measures of these constructs (web appendix A) and then demonstrate their relationship to overall well-being, controlling for other life domains and objective measures of the financial domain. Our findings demonstrate that perceived financial well-being is a key predictor of overall well-being and comparable in magnitude to the combined effect of other life domains (job satisfaction, physical health assessment, and relationship support satisfaction). Further, the relative importance of current money management stress to overall well-being varies by income groups and due to the differing antecedents of current money management stress and expected future financial security. Implications for financial well-being and education efforts are offered.

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Citations

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Research works printed but not linked: 3

  1. Cohen, 2003, Applied Multiple Regression/Correlational Analysis for the Behavioral Sciences
  2. Eagley, 1993, The Psychology of Attitudes
  3. Mrkvicka, 2016, Financial Education for Today’s Workforce

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Metadata

Authors
Netemeyer, R. G., Warmath, D., Fernandes, D., & Lynch, J. G.
Affiliations
  • University of Virginia (US)
  • University of Wisconsin–Madison (US)
  • Universidade Católica Portuguesa (PT)
  • University of Colorado Boulder (US)
Corresponding author
Netemeyer, Richard G
ORCID
Venue
Journal of Consumer Research
Publisher
Oxford University Press (OUP)
Published
2017-11-07
Volume
45
Issue
1
Pages
68-89
ISSN
  • 0093-5301 (ISSN-L)
  • 1537-5277
DOI
10.1093/jcr/ucx109
OpenAlex
W2767423872
Cited by
842
References
78
Citations by year
2026: 155 · 2025: 159 · 2024: 125 · 2023: 105 · 2022: 102 · 2021: 94 · 2020: 51 · 2019: 36 · 2018: 13
FWCI
88.62
Type
journal article
Language
en
Open access
Licence
academic.oup.com/journals/pages/about_us/legal/notices (vor)
Locations
  • Journal of Consumer Research (publishedVersion)
  • SSRN Electronic Journal (acceptedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Finance › Financial Literacy, Pension, Retirement Analysis
  • Social Sciences › Psychology › Social Psychology › Psychological Well-being and Life Satisfaction
  • Social Sciences › Business, Management and Accounting › Accounting › Financial Literacy and Behavior
Keywords
well-being, income gap, life satisfaction, financial education

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