Financial well-being and financial stress as predictors of overall well-being and life satisfaction among Peruvian workers
Background The COVID-19 pandemic significantly impacted the mental health and overall well-being of the working population, exacerbating financial problems that influence subjective well-being and life satisfaction. Financial stress and financial well-being have emerged as key predictors of these di...
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Frontiers Media SA
2025
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| author | Mamani-Benito, Oscar Javier Cruz-Ordinola, María Celinda Olazabal Boggio, Roberto Dante Huayta Meza, Mariné Estefa Apaza Tarqui, Edison Effer Pacheco-Vizcarra, Milagros Yesenia Morales Garcia, Wilter Charming |
| author_browse | Apaza Tarqui, Edison Effer Cruz-Ordinola, María Celinda Huayta Meza, Mariné Estefa Mamani-Benito, Oscar Javier Morales Garcia, Wilter Charming Olazabal Boggio, Roberto Dante Pacheco-Vizcarra, Milagros Yesenia |
| author_facet | Mamani-Benito, Oscar Javier Cruz-Ordinola, María Celinda Olazabal Boggio, Roberto Dante Huayta Meza, Mariné Estefa Apaza Tarqui, Edison Effer Pacheco-Vizcarra, Milagros Yesenia Morales Garcia, Wilter Charming |
| author_sort | Mamani-Benito, Oscar Javier |
| collection | Producción científica |
| description | Background The COVID-19 pandemic significantly impacted the mental health and overall well-being of the working population, exacerbating financial problems that influence subjective well-being and life satisfaction. Financial stress and financial well-being have emerged as key predictors of these dimensions. Objective To determine whether financial well-being and financial stress are significant predictors of overall well-being and life satisfaction among Peruvian workers. Methods A cross-sectional predictive study was conducted with 1,208 Peruvian workers aged 18–64 years (M = 25.26, SD = 7.99), using standardized instruments such as the General Well-Being Index, Financial Stress Scale, Satisfaction with Life Scale, and Financial Well-Being Scale. Results The model demonstrated a good fit to the data (χ2 = 1399.76, p < 0.001, df = 269, CFI = 0.962, TLI = 0.958, RMSEA = 0.062, SRMR = 0.051). Financial well-being had a positive effect on overall well-being (β = 0.52, p < 0.001) and life satisfaction (β = 0.24, p < 0.001). Financial stress showed a negative effect on life satisfaction (β = −0.19, p < 0.001) but did not significantly affect overall well-being (β = −0.02, p > 0.001). Conclusion Financial well-being plays a critical role in subjective well-being and life satisfaction, while financial stress negatively impacts cognitive evaluations of life. Occupational health strategies should incorporate financial education programs and measures to mitigate financial stress, fostering economic resilience and holistic well-being among workers. |
| format | Article |
| id | oai:cris.upeu.edu.pe:20.500.15037/2887 |
| institution | UPeU |
| language | English |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| publisher | Frontiers Media SA |
| publisherStr | Frontiers Media SA |
| record_format | dspace |
| spelling | oai:cris.upeu.edu.pe:20.500.15037/28872026-10-30T16:54:16ZFinancial well-being and financial stress as predictors of overall well-being and life satisfaction among Peruvian workersMamani-Benito, Oscar JavierCruz-Ordinola, María CelindaOlazabal Boggio, Roberto DanteHuayta Meza, Mariné EstefaApaza Tarqui, Edison EfferPacheco-Vizcarra, Milagros YeseniaMorales Garcia, Wilter CharmingPeruSubjective Well-beingLife SatisfactionFinancial StressFinancial Well-beingBackground The COVID-19 pandemic significantly impacted the mental health and overall well-being of the working population, exacerbating financial problems that influence subjective well-being and life satisfaction. Financial stress and financial well-being have emerged as key predictors of these dimensions. Objective To determine whether financial well-being and financial stress are significant predictors of overall well-being and life satisfaction among Peruvian workers. Methods A cross-sectional predictive study was conducted with 1,208 Peruvian workers aged 18–64 years (M = 25.26, SD = 7.99), using standardized instruments such as the General Well-Being Index, Financial Stress Scale, Satisfaction with Life Scale, and Financial Well-Being Scale. Results The model demonstrated a good fit to the data (χ2 = 1399.76, p < 0.001, df = 269, CFI = 0.962, TLI = 0.958, RMSEA = 0.062, SRMR = 0.051). Financial well-being had a positive effect on overall well-being (β = 0.52, p < 0.001) and life satisfaction (β = 0.24, p < 0.001). Financial stress showed a negative effect on life satisfaction (β = −0.19, p < 0.001) but did not significantly affect overall well-being (β = −0.02, p > 0.001). Conclusion Financial well-being plays a critical role in subjective well-being and life satisfaction, while financial stress negatively impacts cognitive evaluations of life. Occupational health strategies should incorporate financial education programs and measures to mitigate financial stress, fostering economic resilience and holistic well-being among workers.Article10.3389/fpsyg.2025.15530062-s2.0-105018692922https://hdl.handle.net/20.500.15037/2887enFrontiers in PsychologyFrontiers in Psychology1664-1078Frontiers Media SA2025-09-252026-06-27T02:34:32Z2026-06-27T02:34:32Z |
| spellingShingle | Peru Subjective Well-being Life Satisfaction Financial Stress Financial Well-being Mamani-Benito, Oscar Javier Cruz-Ordinola, María Celinda Olazabal Boggio, Roberto Dante Huayta Meza, Mariné Estefa Apaza Tarqui, Edison Effer Pacheco-Vizcarra, Milagros Yesenia Morales Garcia, Wilter Charming Financial well-being and financial stress as predictors of overall well-being and life satisfaction among Peruvian workers |
| title | Financial well-being and financial stress as predictors of overall well-being and life satisfaction among Peruvian workers |
| title_full | Financial well-being and financial stress as predictors of overall well-being and life satisfaction among Peruvian workers |
| title_fullStr | Financial well-being and financial stress as predictors of overall well-being and life satisfaction among Peruvian workers |
| title_full_unstemmed | Financial well-being and financial stress as predictors of overall well-being and life satisfaction among Peruvian workers |
| title_short | Financial well-being and financial stress as predictors of overall well-being and life satisfaction among Peruvian workers |
| title_sort | financial well being and financial stress as predictors of overall well being and life satisfaction among peruvian workers |
| topic | Peru Subjective Well-being Life Satisfaction Financial Stress Financial Well-being |
| topic_facet | Peru Subjective Well-being Life Satisfaction Financial Stress Financial Well-being |
| url | https://hdl.handle.net/20.500.15037/2887 |
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