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Psychological Determinants of Financial Well-Being among Young Working Adults During the Covid-19 Pandemic: The Sequential Mediation Model

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dc.contributor.author Long, She
dc.date.accessioned 2021-10-22T10:09:29Z
dc.date.available 2021-10-22T10:09:29Z
dc.date.issued 2021
dc.identifier.citation Long, She ( 2021) Psychological Determinants of Financial Well-Being among Young Working Adults During the Covid-19 Pandemic: The Sequential Mediation Model : Business Law, and Management (BLM2): International Conference on Advanced Marketing (ICAM4) An International Joint e-Conference-2021 Department of Marketing Management, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka.Pag.36 en_US
dc.identifier.isbn 978-624-5507-15-3
dc.identifier.isbn 978-624-5507-15-3
dc.identifier.uri http://repository.kln.ac.lk/handle/123456789/23332
dc.description.abstract This study aimed to investigate the effect of future time perspective on financial well-being and the mediating role of financial goal clarity, subjective financial knowledge, and financial behaviour in the relationship between future time perspective and financial wellbeing among young working adults in China during the COVID-19 pandemic. A crosssectional study was conducted on 526 young working adults using an online survey questionnaire. Covariance based-structural equation modelling (SEM) and AMOS software were used to evaluate the measurement model and the proposed serial mediation model. There was a significant positive relationship between future time perspective and financial well-being, future time perspective and financial goal clarity, financial goal clarity and subjective financial knowledge, subjective financial knowledge and financial behaviour, as well as financial behaviour and financial well-being. Moreover, the results showed that financial goal clarity, subjective financial knowledge, and financial behaviour sequentially mediated the relationship between future time perspective and financial wellbeing. The findings shed light on the underlying mechanisms that drive young working adults’ financial well-being. Theoretical and practical implications were discussed, and psychological interventions are suggested to implement among young working adults to form positive financial beliefs and values. en_US
dc.publisher Department of Marketing Management, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka. en_US
dc.subject Financial Behaviour, Financial Knowledge, Financial Well-Being, Future Time Perspective, Goal Clarity, Young Working Adults en_US
dc.title Psychological Determinants of Financial Well-Being among Young Working Adults During the Covid-19 Pandemic: The Sequential Mediation Model en_US


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