Sound Financial Management and Happiness: Economic Pressure and Relationship Satisfaction as Mediators
Keywords
sound financial management behavior, economic pressure, relationship satisfaction, happiness
Abstract
This study examines the relationship between sound financial management behaviors and happiness using a national sample of adults collected in 2009 (N = 1,014). We used Maslow 's hierarchy of needs (1943) as a theoretical framework to examine associations between sound financial management behavior, economic pressure, relationship satisfaction, and happiness. Findings suggested that economic pressure and relationship satisfaction both mediated the association between sound financial management and happiness, but the mediator effects were only partial. That is, even after accounting for participants' actual financial context, feelings of economic pressure, and relationship satisfaction, a positive association between sound financial management behavior and happiness remained.
Original Publication Citation
Spuhler, B.*, & Dew, J. P. (2019). Sound financial management and happiness: Economic pressure and relationship happiness as mediators. Journal of Financial Counseling and Planning, 30(2), 157–174.
BYU ScholarsArchive Citation
Spuhler, Bryan K. and Dew, Jeffrey P., "Sound Financial Management and Happiness: Economic Pressure and Relationship Satisfaction as Mediators" (2019). Faculty Publications. 4540.
https://scholarsarchive.byu.edu/facpub/4540
Document Type
Peer-Reviewed Article
Publication Date
2019
Permanent URL
http://hdl.lib.byu.edu/1877/7347
Publisher
Journal of Financial Counseling and Planning
Language
English
College
Family, Home, and Social Sciences
Department
Family Life
Copyright Status
© 2019 Association for Financial Counseling and Planning Education
Copyright Use Information
http://lib.byu.edu/about/copyright/