On the Relation Between Over-Indebtedness and Well-Being: An Analysis of the Mechanisms Influencing Health, Sleep, Life Satisfaction, and Emotional Well-Being

Frontiers in Psychology

Márcia Maurer Herter¹  Carla Sofia Silva²  Mário B. Ferreira²  Jerônimo C. Soro²  Filipa de Almeida³  Diego Costa Pinto⁴ 

[1] Business and Law Research Unit, Universidade Europeia, Lisbon, Portugal;CICPSI, Faculdade de Psicologia, Universidade de Lisboa, Lisbon, Portugal;Faculdade de Psicologia, Universidade de Lisboa, Lisbon, Portugal;Católica Lisbon School of Business and Economics, Universidade Católica Portuguesa, Lisbon, Portugal;NOVA Information Management School (NOVA IMS), Universidade Nova de Lisboa, Lisbon, Portugal;

关键词: debt;    over-indebtedness;    subjective well-being;    life satisfaction;    net affect;   

DOI  :  10.3389/fpsyg.2021.591875

来源: Frontiers

【 摘 要 】

This paper aims to explore the association between over-indebtedness and two facets of well-being – life satisfaction and emotional well-being. Although prior research has associated over-indebtedness with lower life satisfaction, this study contributes to the extant literature by revealing its effects on emotional well-being, which is a crucial component of well-being that has received less attention. Besides subjective well-being (SWB), reported health, and sleep quality were also assessed. The findings suggest that over-indebted (compared to non-over-indebted) consumers have lower life satisfaction and emotional well-being, as well as poorer (reported) health and sleep quality. Furthermore, over-indebtedness impacts life satisfaction and emotional well-being through different mechanisms. Consumers decreased perceived control accounts for the impact of over-indebtedness on both facets of well-being (as well as on reported health and sleep). Financial well-being (a specific component of life satisfaction), partly mediates the impact of indebtedness status on overall life satisfaction. The current study contributes to research focusing on the relationship between indebtedness, well-being, health, and sleep quality, and provides relevant theoretical and practical implications.

【 授权许可】

CC BY