IDEAS home Printed from https://ideas.repec.org/a/rbs/ijbrss/v13y2024i5p494-502.html
   My bibliography  Save this article

The importance of financial health as a mediator of financial stress on financial well-being in young adults

Author

Listed:
  • Badriatul Mawadah

    (Brawijaya University)

  • Sumiati

    (Brawijaya University)

Abstract

This paper aims to examine the effect of financial stress on financial well-being with the mediation of financial health. This article also aims to see the influence of each variable, especially the importance of financial health. We use the Structural Equation Modeling (SEM) data analysis (SEM-PLS) method. The data sample is 230 young adults aged 25-30 years who live in Blitar City and Regency. The main findings of this research show that (i) there is a significant negative effect of financial stress on financial well-being, (ii) financial health has a positive effect on financial well-being, and finally, (iii) financial health mediates between financial stress and financial well-being. Financial health not only has a direct effect on financial well-being but also partially mediates financial stress. Young adults are expected to be able to manage their financial stress in everyday life. This aims to improve the individual's financial health, which will automatically improve the individual's financial well-being. It is hoped that future research can add new variables to influence financial well-being. Key Words:Financial Well-being, Financial Stress, Financial Health, Young Adult

Suggested Citation

  • Badriatul Mawadah & Sumiati, 2024. "The importance of financial health as a mediator of financial stress on financial well-being in young adults," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 13(5), pages 494-502, July.
    • Handle: RePEc:rbs:ijbrss:v:13:y:2024:i:5:p:494-502
    DOI: 10.20525/ijrbs.v13i5.3588
    as

    Download full text from publisher

    File URL: https://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/3588/2404
    Download Restriction: no
    File URL: https://doi.org/10.20525/ijrbs.v13i5.3588
    Download Restriction: no
    File URL: https://libkey.io/10.20525/ijrbs.v13i5.3588?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rbs:ijbrss:v:13:y:2024:i:5:p:494-502. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Umit Hacioglu (email available below). General contact details of provider: https://edirc.repec.org/data/ssbffea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.