Examining Relationships Between Financial Capital And Personal Well-Being

ASU Author/Contributor (non-ASU co-authors, if there are any, appear on document)
Leah Hamilton, Assistant Professor (Creator)
Appalachian State University (ASU )
Web Site: https://library.appstate.edu/

Abstract: Researchers have traditionally examined economic well-being with income data, yet recent findings indicate positive effects of assets on well-being, independent from income. For this study, baseline data from 904 low-income individuals were used to examine relationships between income, assets, and personal, social, and economic outcomes. Baseline findings indicate that financial assets did not influence perceptions of self-efficacy, economic strain, or social support. However, an individual’s age was associated with perceived outcomes, with increased age leading to decreased support and self-efficacy and increased economic strain. A discussion of findings and implications of this research for community-based strategies is provided.

Additional Information

Marcia A. Shobe, Kameri Christy, Leah Hamilton, Yvette Murphy-Erby, George S. Denny & Ashley Givens (2013). "Examining Relationships Between Financial Capital and Personal Well-Being." Journal of Poverty, 17:47–62, 2013. Copyright © Taylor & Francis Group, LLC. DOI: 10.1080/10875549.2012.747999. Version of record available at: http:// www.tandfonline.com/doi/full/10.1080/10875549.2012.747999
Language: English
Date: 2013
assets, savings, economic strain, social support, self-efficacy

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