The Multidimensional Subjective Financial Well-Being Scale for Emerging Adults: Development and Validation Studies

Autor/inn/en	Sorgente, Angela; Lanz, Margherita
Titel	The Multidimensional Subjective Financial Well-Being Scale for Emerging Adults: Development and Validation Studies
Quelle	In: International Journal of Behavioral Development, 43 (2019) 5, S.466-478 (13 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Zusatzinformation	ORCID (Sorgente, Angela)
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0165-0254
DOI	10.1177/0165025419851859
Schlagwörter	Money Management; Young Adults; Foreign Countries; Psychometrics; Construct Validity; Well Being; Multiple Literacies; Banking; Expertise; Measures (Individuals); Self Concept; Portugal; Italy + Suchen Sie Ihr Suchwort? Young adult; Junger Erwachsener; Ausland; Psychometry; Psychometrie; Well-being; Wellness; Wohlbefinden; Bankgeschäft; Expert appraisal; Messdaten; Selbstkonzept; Italien
Abstract	After the 2008 economic crisis, the financial condition of youth has become a frequent research topic and the need for an instrument measuring financial constructs relevant for this stage of life is increasing. The current paper consists of four studies aiming to develop and validate an instrument measuring subjective financial well-being in a population of European emerging adults. The first study collected qualitative data -- performing interviews with experts and the target population -- in order to contextualize the construct. Based on these results, we developed the initial 44-item version of the scale. The second study aimed to test the psychometric characteristics of these items. There were 25 items measuring five different aspects of subjective financial well-being (general subjective financial well-being, money management, peer comparison, having money, financial future) with acceptable psychometric properties. The third study aimed to collect validity evidence about the newly developed scale. Five different kinds of evidence suggested that the scale is a good measure of subjective financial well-being. The last study tested measurement invariance between the Portuguese and Italian versions of the scale. Results suggested that the Multidimensional Subjective Financial Well-being Scale works well in both countries. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01