TY - JOUR
T1 - Personal well-being and financial threats in Peruvian adults
T2 - The mediating role of financial well-being
AU - Estela-Delgado, Bertha
AU - Montenegro, Gilmer
AU - Paan, Jimmy
AU - Morales-García, Wilter C.
AU - Castillo-Blanco, Ronald
AU - Sairitupa-Sanchez, Liset
AU - Saintila, Jacksaint
N1 - Publisher Copyright:
Copyright © 2023 Estela-Delgado, Montenegro, Paan, Morales-García, Castillo-Blanco, Sairitupa-Sanchez and Saintila.
PY - 2023/1/27
Y1 - 2023/1/27
N2 - Crises negatively affect the economy of a country, increasing financial risk, as they affect work activities and the well-being of the population. This study aimed to examine the mediating role of financial well-being in the relationship between personal well-being and financial threats. A predictive cross-sectional study was conducted. The variables analyzed were personal well-being, financial threats, and financial well-being. A total of 416 Peruvian adults from the three regions of Peru participated. The mean age was M = 35.36, SD = 8.84, with a range of 19–62 years. To represent the statistical mediation model, a structural equation model (SEM) was used. The analysis showed that the variables were significantly related (p < 0.001). The theoretical model indicated a perfect mediation, also obtaining a good fit, χ2(168) = 394.3, CFI = 0.931, RMSEA = 0.057, SRMR = 0.062. The study showed that personal well-being serves as a basis for promoting financial well-being and this contributes to the reduction of financial threats.
AB - Crises negatively affect the economy of a country, increasing financial risk, as they affect work activities and the well-being of the population. This study aimed to examine the mediating role of financial well-being in the relationship between personal well-being and financial threats. A predictive cross-sectional study was conducted. The variables analyzed were personal well-being, financial threats, and financial well-being. A total of 416 Peruvian adults from the three regions of Peru participated. The mean age was M = 35.36, SD = 8.84, with a range of 19–62 years. To represent the statistical mediation model, a structural equation model (SEM) was used. The analysis showed that the variables were significantly related (p < 0.001). The theoretical model indicated a perfect mediation, also obtaining a good fit, χ2(168) = 394.3, CFI = 0.931, RMSEA = 0.057, SRMR = 0.062. The study showed that personal well-being serves as a basis for promoting financial well-being and this contributes to the reduction of financial threats.
KW - Peruvian adult
KW - financial
KW - mediation
KW - personal well-being
KW - threats
UR - http://www.scopus.com/inward/record.url?scp=85147808004&partnerID=8YFLogxK
U2 - 10.3389/fpsyg.2022.1084731
DO - 10.3389/fpsyg.2022.1084731
M3 - Article
AN - SCOPUS:85147808004
SN - 1664-1078
VL - 13
JO - Frontiers in Psychology
JF - Frontiers in Psychology
M1 - 1084731
ER -