APR Financial Stress Scale: Development and Validation of a Multidimensional Measurement

Journal of Financial Therapy

article

Heo, Wookjae¹  Cho, Soo Hyun²  Lee, Philseok³ 

[1] South Dakota State University;California State University Long Beach;George Mason University

关键词: stress;    financial stress;    scale development;    measurement;    money management;   

DOI  :  10.4148/1944-9771.1216

学科分类：社会科学、人文和艺术（综合）

来源: New Prairie Press

【 摘 要 】

People usually experience financial stress in managing their financial resources. Despite financial stress’s importance in life outcomes and the need for a comprehensive and theory-based measurement of the construct, few studies have addressed the conceptual issues of financial stress and its measurement. Hence, by borrowing from theories of general stress, this study attempts to fill this gap. Using an expert panel and two separate online survey samples, we developed and validated a novel financial stress scale. A total of 688 responses were used in an exploratory factor analysis and 1,115 responses were used in a confirmatory factor analysis. This multidimensional financial stress scale consists of 24 items and represents affective (A), physiological (P), and relational (R) aspects of financial stress. Researchers and practitioners can use this scale to understand the complex nature of financial stress and tailor their intervention efforts accordingly.

【 授权许可】

CC BY-NC