College Student Financial Stress: Are the Kids Alright?

Cliff A. Robb ()
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Cliff A. Robb: University of Wisconsin-Madison

Journal of Family and Economic Issues, 2017, vol. 38, issue 4, No 4, 514-527

Abstract: Abstract An analysis of College students’ subjective well-being (SWB) and persistence behavior was conducted with an emphasis on financial stress and individuals’ perceptions of financial situation, controlling for a number of health, financial, and demographic factors. Data were taken from a sample of 324 undergraduate students from a major Midwestern university. Results indicated that students experiencing higher reported financial stress scored lower on a measure of SWB, and were also significantly more likely to report difficulty maintaining enrollment or number of academic hours enrolled. Individuals’ financial self-efficacy was positively associated with SWB and negatively associated with reductions in enrolled hours, though was not significant as a predictor of student persistence attitudes. Implications for student well-being and healthy campus initiatives are discussed.

Keywords: Financial stress; Subjective well-being; College students; Self-efficacy (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (13)

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DOI: 10.1007/s10834-017-9527-6

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