Analysis of demographic variation and childhood correlates of financial well-being across 22 countries

Piotr Bialowolski, Christos A.Makridis, Matt Bradshaw, Dorota Weziak Bialowolska, Craig Gundersen, Noémie Le Pertel, Cristina Gibson, Sung Joon Jang, R. Noah Padgett and Byron R. Johnson
Additional contact information
Sung Joon Jang: Baylor University

No 6cnem_v1, OSF Preprints from Center for Open Science

Abstract: Using nationally representative data from 202,898 participants in the Global Flourishing Study this study examines factors associated with financial well-being across 22 culturally diverse countries. Financial well-being is assessed through four dimensions: financial security, material security (e.g., safety, food, or housing), subjective financial well-being (comfort with current income), and actual income levels. We investigate how demographic factors—including age, gender, marital status, employment status, education, religious service attendance, and immigration status—are correlated with financial well-being. Additionally, we analyze the associations between early-life conditions, such as parental marital status, quality of relationships with parents, experiences of abuse and neglect, childhood health, religious attendance, and family financial status, and financial well-being in adulthood. Our findings reveal considerable cross-national differences in levels of financial well-being and its demographic correlates, emphasizing the importance of cultural and socio-demographic factors in shaping financial outcomes. Early-life conditions were also consistently associated with adult financial well-being, though these associations varied substantially across countries. These results suggest that interventions aimed at improving financial well-being should consider both current socio-demographic factors and early-life experiences, tailored to the unique cultural and socioeconomic contexts of different populations.

Date: 2025-03-14
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://osf.io/download/67d36ca32d355e6ce65aed9e/

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:6cnem_v1

DOI: 10.31219/osf.io/6cnem_v1

Access Statistics for this paper

More papers in OSF Preprints from Center for Open Science
Bibliographic data for series maintained by OSF ().