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College Student Financial Stress: Are the Kids Alright?

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  • Cliff A. Robb

    (University of Wisconsin-Madison)

Abstract

An analysis of College students’ subjective well-being (SWB) and persistence behavior was conducted with an emphasis on financial stress and individuals’ perceptions of financial situation, controlling for a number of health, financial, and demographic factors. Data were taken from a sample of 324 undergraduate students from a major Midwestern university. Results indicated that students experiencing higher reported financial stress scored lower on a measure of SWB, and were also significantly more likely to report difficulty maintaining enrollment or number of academic hours enrolled. Individuals’ financial self-efficacy was positively associated with SWB and negatively associated with reductions in enrolled hours, though was not significant as a predictor of student persistence attitudes. Implications for student well-being and healthy campus initiatives are discussed.

Suggested Citation

  • Cliff A. Robb, 2017. "College Student Financial Stress: Are the Kids Alright?," Journal of Family and Economic Issues, Springer, vol. 38(4), pages 514-527, December.
    • Handle: RePEc:kap:jfamec:v:38:y:2017:i:4:d:10.1007_s10834-017-9527-6
    DOI: 10.1007/s10834-017-9527-6
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    References listed on IDEAS

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