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The Relationship of Financial Worries and Psychological Distress among Psychology Students

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  • Alejandro, David T.

    (Bachelor of Science in Psychology (BSPsy))

  • Curayag, Tristan Mark O.

    (Bachelor of Science in Psychology (BSPsy))

  • Dela Cruz, Fiona Faith

    (Bachelor of Science in Psychology (BSPsy))

  • De Leon, Althea Gaberielle C.

    (Bachelor of Science in Psychology (BSPsy))

  • Dusaran, Neil Yzmael P.

    (Bachelor of Science in Psychology (BSPsy))

  • Isip, Daniel V.

    (Bachelor of Science in Psychology (BSPsy))

  • Sayo, Maric Margueritte M.

    (Bachelor of Science in Psychology (BSPsy))

  • Solomon, Jaskie Raselle DC.

    (Bachelor of Science in Psychology (BSPsy))

  • Michael Jo S. Guballa

    (Bachelor of Science in Psychology (BSPsy))

Abstract

This study focuses on the relationship between psychological suffering and psychological distress among National University – Baliwag psychology students. In this study, 78 college students who are enrolled in psychology programs were used as a sample, and the potential relationship between financial concerns and psychological distress was investigated. The Kessler Psychological suffering Scale (K10) is used to measure psychological distress, whereas the APR Financial Distress Scale is used to quantify financial worries. Regression analysis and correlation were employed to interpret the collected data. The findings indicated a strong correlation between psychological distress and financial concerns, particularly for female and third-year psychology students. This study also discovered that students’ psychological suffering is influenced by financial concerns, particularly those who experience depression. The results imply that in order to lessen financial worries and its detrimental effects on general psychological well-being, publicly-supported financial counseling services and public health intervention initiatives are required, with special emphasis paid to students in universities.

Suggested Citation

  • Alejandro, David T. & Curayag, Tristan Mark O. & Dela Cruz, Fiona Faith & De Leon, Althea Gaberielle C. & Dusaran, Neil Yzmael P. & Isip, Daniel V. & Sayo, Maric Margueritte M. & Solomon, Jaskie Rasel, 2024. "The Relationship of Financial Worries and Psychological Distress among Psychology Students," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(3), pages 1614-1644, March.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:3:p:1614-1644
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    References listed on IDEAS

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    1. Naijie Guan & Alessandra Guariglia & Patrick Moore & Fangzhou Xu & Hareth Al-Janabi, 2022. "Financial stress and depression in adults: A systematic review," PLOS ONE, Public Library of Science, vol. 17(2), pages 1-20, February.
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