Perceived financial well-being as antecedent of psychological well-being: evidence from Brazil
Autor(a) principal: | |
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Data de Publicação: | 2023 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | REMark - Revista Brasileira de Marketing |
Texto Completo: | https://periodicos.uninove.br/remark/article/view/21579 |
Resumo: | Purpose: This study investigates how the relationship between perceived financial well-being and psychological well-being is influenced by income loss in the context of the adverse economic and social conditions resulting from the Covid-19 pandemic.Method: A survey conducted with 959 Brazilian respondents allowed the research hypotheses to be tested by means of multigroup structural equation models.Originality / Relevance: Individuals who reported having experienced larger income losses also reported lower levels of financial and psychological well-being. Among the predictors of psychological well-being we tested, expected future financial security is the most important.Results: Our findings show that after controlling for gender, age, and income, current money management stress and expected future financial security (the present and future dimensions of perceived financial well-being, respectively), but not financial knowledge, are statistically significant to explain psychological well-being.Theoretical / Methodological contributions: The role of financial knowledge to predict financial well-being is weakened in the presence of the psychological variables investigated, which has important implications for financial education efforts. Banks and other financial institutions can create tools to enhance personal awareness and responsibility over one’s financial future.Social / Managerial contributions: Managerial and societal implications include the provision of knowledge that may allow financial education programmes, economic empowerment interventions, and public policies aimed at reducing the negative impact of the perceived financial strain on well-being to be better targeted. |
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Perceived financial well-being as antecedent of psychological well-being: evidence from BrazilBem-estar financeiro percebido como antecedente do bem-estar psicológico: evidências do BrasilConsumer behaviourFinancial knowledgeFinancial well-beingIncome lossMacromarketingPsychological well-beingResource scarcityBem-estar financeiroBem-estar psicológicoComportamento do consumidorConhecimento financeiroEscassez de recursosMacromarketingPerda de rendaPurpose: This study investigates how the relationship between perceived financial well-being and psychological well-being is influenced by income loss in the context of the adverse economic and social conditions resulting from the Covid-19 pandemic.Method: A survey conducted with 959 Brazilian respondents allowed the research hypotheses to be tested by means of multigroup structural equation models.Originality / Relevance: Individuals who reported having experienced larger income losses also reported lower levels of financial and psychological well-being. Among the predictors of psychological well-being we tested, expected future financial security is the most important.Results: Our findings show that after controlling for gender, age, and income, current money management stress and expected future financial security (the present and future dimensions of perceived financial well-being, respectively), but not financial knowledge, are statistically significant to explain psychological well-being.Theoretical / Methodological contributions: The role of financial knowledge to predict financial well-being is weakened in the presence of the psychological variables investigated, which has important implications for financial education efforts. Banks and other financial institutions can create tools to enhance personal awareness and responsibility over one’s financial future.Social / Managerial contributions: Managerial and societal implications include the provision of knowledge that may allow financial education programmes, economic empowerment interventions, and public policies aimed at reducing the negative impact of the perceived financial strain on well-being to be better targeted.Objetivo: Este estudo investiga como a relação entre o bem-estar financeiro percebido e o bem-estar psicológico é influenciada pela perda de renda no contexto das condições econômicas e sociais adversas resultantes da pandemia de Covid-19.Método: Uma pesquisa realizada com 959 respondentes brasileiros permitiu que as hipóteses de pesquisa fossem testadas por meio de modelos de equações estruturais multigrupo.Originalidade/Relevância: Indivíduos que relataram ter sofrido maiores perdas de renda também relataram níveis mais baixos de bem-estar financeiro e psicológico. Entre os preditores de bem-estar psicológico que testamos, a segurança financeira futura esperada é o mais importante.Resultados: Nossos achados mostram que, após controlar por gênero, idade e renda, o estresse da gestão de dinheiro atual e a segurança financeira futura esperada (as dimensões presente e futura do bem-estar financeiro percebido, respectivamente), mas não o conhecimento financeiro, são estatisticamente significantes para explicar o bem-estar psicológico.Contribuições teóricas/metodológicas: O papel do conhecimento financeiro para predizer o bem-estar financeiro fica fragilizado na presença das variáveis psicológicas investigadas, o que tem implicações importantes para os esforços de educação financeira. Bancos e outras instituições financeiras podem criar ferramentas para aumentar a consciência pessoal e a responsabilidade sobre o futuro financeiro de uma pessoa.Contribuições sociais / para a gestão: As implicações gerenciais e sociais incluem o fornecimento de conhecimento que pode permitir que programas de educação financeira, intervenções de capacitação econômica e políticas públicas destinadas a reduzir o impacto negativo da tensão financeira no bem-estar financeiro percebido sejam mais bem direcionados.Universidade Nove de Julho - Uninove2023-01-04info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionPeer-reviewed ArticleAvaliado por Paresapplication/pdfhttps://periodicos.uninove.br/remark/article/view/2157910.5585/remark.v21i5.21579ReMark - Revista Brasileira de Marketing; v. 21 n. 5 (2022): (out.dez.); 1631-16762177-5184reponame:REMark - Revista Brasileira de Marketinginstname:Universidade Nove de Julho (UNINOVE)instacron:RBMenghttps://periodicos.uninove.br/remark/article/view/21579/9993Copyright (c) 2022 ReMark - Revista Brasileira de Marketinghttps://creativecommons.org/licenses/by-nc-sa/4.0info:eu-repo/semantics/openAccessPonchio, Mateus CanniattiRohden, Simoni FernandaMette, Frederike Budiner2023-02-02T19:29:05Zoai:ojs.periodicos.uninove.br:article/21579Revistahttps://periodicos.uninove.br/remarkPRIhttps://periodicos.uninove.br/remark/oaiclaudiaraac@uol.com.br || admin@revistabrasileiramarketing.org || admin@revistabrasileiramarketing.org2177-51842177-5184opendoar:2023-02-02T19:29:05REMark - Revista Brasileira de Marketing - Universidade Nove de Julho (UNINOVE)false |
dc.title.none.fl_str_mv |
Perceived financial well-being as antecedent of psychological well-being: evidence from Brazil Bem-estar financeiro percebido como antecedente do bem-estar psicológico: evidências do Brasil |
title |
Perceived financial well-being as antecedent of psychological well-being: evidence from Brazil |
spellingShingle |
Perceived financial well-being as antecedent of psychological well-being: evidence from Brazil Ponchio, Mateus Canniatti Consumer behaviour Financial knowledge Financial well-being Income loss Macromarketing Psychological well-being Resource scarcity Bem-estar financeiro Bem-estar psicológico Comportamento do consumidor Conhecimento financeiro Escassez de recursos Macromarketing Perda de renda |
title_short |
Perceived financial well-being as antecedent of psychological well-being: evidence from Brazil |
title_full |
Perceived financial well-being as antecedent of psychological well-being: evidence from Brazil |
title_fullStr |
Perceived financial well-being as antecedent of psychological well-being: evidence from Brazil |
title_full_unstemmed |
Perceived financial well-being as antecedent of psychological well-being: evidence from Brazil |
title_sort |
Perceived financial well-being as antecedent of psychological well-being: evidence from Brazil |
author |
Ponchio, Mateus Canniatti |
author_facet |
Ponchio, Mateus Canniatti Rohden, Simoni Fernanda Mette, Frederike Budiner |
author_role |
author |
author2 |
Rohden, Simoni Fernanda Mette, Frederike Budiner |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Ponchio, Mateus Canniatti Rohden, Simoni Fernanda Mette, Frederike Budiner |
dc.subject.por.fl_str_mv |
Consumer behaviour Financial knowledge Financial well-being Income loss Macromarketing Psychological well-being Resource scarcity Bem-estar financeiro Bem-estar psicológico Comportamento do consumidor Conhecimento financeiro Escassez de recursos Macromarketing Perda de renda |
topic |
Consumer behaviour Financial knowledge Financial well-being Income loss Macromarketing Psychological well-being Resource scarcity Bem-estar financeiro Bem-estar psicológico Comportamento do consumidor Conhecimento financeiro Escassez de recursos Macromarketing Perda de renda |
description |
Purpose: This study investigates how the relationship between perceived financial well-being and psychological well-being is influenced by income loss in the context of the adverse economic and social conditions resulting from the Covid-19 pandemic.Method: A survey conducted with 959 Brazilian respondents allowed the research hypotheses to be tested by means of multigroup structural equation models.Originality / Relevance: Individuals who reported having experienced larger income losses also reported lower levels of financial and psychological well-being. Among the predictors of psychological well-being we tested, expected future financial security is the most important.Results: Our findings show that after controlling for gender, age, and income, current money management stress and expected future financial security (the present and future dimensions of perceived financial well-being, respectively), but not financial knowledge, are statistically significant to explain psychological well-being.Theoretical / Methodological contributions: The role of financial knowledge to predict financial well-being is weakened in the presence of the psychological variables investigated, which has important implications for financial education efforts. Banks and other financial institutions can create tools to enhance personal awareness and responsibility over one’s financial future.Social / Managerial contributions: Managerial and societal implications include the provision of knowledge that may allow financial education programmes, economic empowerment interventions, and public policies aimed at reducing the negative impact of the perceived financial strain on well-being to be better targeted. |
publishDate |
2023 |
dc.date.none.fl_str_mv |
2023-01-04 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article Avaliado por Pares |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://periodicos.uninove.br/remark/article/view/21579 10.5585/remark.v21i5.21579 |
url |
https://periodicos.uninove.br/remark/article/view/21579 |
identifier_str_mv |
10.5585/remark.v21i5.21579 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
https://periodicos.uninove.br/remark/article/view/21579/9993 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2022 ReMark - Revista Brasileira de Marketing https://creativecommons.org/licenses/by-nc-sa/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2022 ReMark - Revista Brasileira de Marketing https://creativecommons.org/licenses/by-nc-sa/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade Nove de Julho - Uninove |
publisher.none.fl_str_mv |
Universidade Nove de Julho - Uninove |
dc.source.none.fl_str_mv |
ReMark - Revista Brasileira de Marketing; v. 21 n. 5 (2022): (out.dez.); 1631-1676 2177-5184 reponame:REMark - Revista Brasileira de Marketing instname:Universidade Nove de Julho (UNINOVE) instacron:RBM |
instname_str |
Universidade Nove de Julho (UNINOVE) |
instacron_str |
RBM |
institution |
RBM |
reponame_str |
REMark - Revista Brasileira de Marketing |
collection |
REMark - Revista Brasileira de Marketing |
repository.name.fl_str_mv |
REMark - Revista Brasileira de Marketing - Universidade Nove de Julho (UNINOVE) |
repository.mail.fl_str_mv |
claudiaraac@uol.com.br || admin@revistabrasileiramarketing.org || admin@revistabrasileiramarketing.org |
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1799138639609856000 |