EconPapers    
Economics at your fingertips  
 

Future Expectations and Financial Satisfaction

Tracey West () and Michelle Cull

Economic Papers, 2020, vol. 39, issue 4, 318-335

Abstract: Advances in conceptualisation of financial well‐being include factoring future outlook into models, as consumers under financial stress can still expect to be better off in the future. This study applies a financial well‐being framework to Australian university students, defining financial well‐being to be made up of a set of personal attributes, current money management indicators and expectations about the financial future. We find that being least satisfied with financial situation is associated with higher likelihoods of using short‐term credit, not having a financial safety net, not being willing to take financial risks and having negative expectations of the future. The results of this study are useful for educators and policy‐makers in designing policies and programmes for university students.

Date: 2020
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1111/1759-3441.12292

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:bla:econpa:v:39:y:2020:i:4:p:318-335

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0812-0439

Access Statistics for this article

Economic Papers is currently edited by Professor Guay Lim

More articles in Economic Papers from The Economic Society of Australia Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2021-09-09
Handle: RePEc:bla:econpa:v:39:y:2020:i:4:p:318-335