Evaluation of the Financial Threat Scale (FTS) in four European, non-student samples

Zdravko Marjanovic, Esther R. Greenglass, Lisa Fiksenbaum, Hans De Witte, Francisco Garcia-Santos, Petra Buchwald, José Peiró and Miguel A. Mañas

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2015, vol. 55, issue C, 72-80

Abstract: The Financial Threat Scale (FTS) was designed to assess levels of fear, uncertainty, and preoccupation about the stability and security of one's finances. In previous research with Canadian university students, it was shown that the FTS was a psychometrically sound measure, associated with failing personal financial conditions, threat-related personality characteristics, and depreciated psychological health. The present investigation further examines the FTS in a diverse set of non-student European samples. Data were collected in four countries using a self-report questionnaire which included measures of ones’ financial situation, personality, and psychological health. Results were highly similar to the findings of the previous study. The FTS is unidimensional, reliable, and its validity was supported by moderate statistical relations with variables such as job insecurity, self-esteem, and emotional exhaustion. Importantly, financial threat was higher in countries that fared poorly in the recent financial crisis than countries that fared well, and it mediated the relation between economic hardship and psychological well-being. Implications for researchers are discussed.

Keywords: Financial threat; Economic recession; Uncertainty; Individual differences; Psychological health (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S2214804314001220
Full text for ScienceDirect subscribers only

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:eee:soceco:v:55:y:2015:i:c:p:72-80

DOI: 10.1016/j.socec.2014.12.001

Access Statistics for this article

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) is currently edited by Pablo Brañas Garza

More articles in Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) from Elsevier
Bibliographic data for series maintained by Catherine Liu ().