Personal well-being and financial threats in Peruvian adults: The mediating role of financial well-being

Bertha Estela-Delgado; Gilmer Montenegro; Jimmy Paan; Wilter C. Morales-García; Ronald Castillo-Blanco; Liset Sairitupa-Sanchez; Jacksaint Saintila

doi:10.3389/fpsyg.2022.1084731

Personal well-being and financial threats in Peruvian adults: The mediating role of financial well-being

Bertha Estela-Delgado, Gilmer Montenegro, Jimmy Paan, Wilter C. Morales-García, Ronald Castillo-Blanco, Liset Sairitupa-Sanchez, Jacksaint Saintila

Research output: Contribution to journal › Article in a journal › peer-review

1 Scopus citations

Abstract

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, χ 2(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.

Original language	English
Article number	1084731
Number of pages	9
Journal	Frontiers in Psychology
Volume	13
DOIs	https://doi.org/10.3389/fpsyg.2022.1084731
State	Published - 27 Jan 2023
Externally published	Yes

Bibliographical note

Publisher Copyright:
Copyright © 2023 Estela-Delgado, Montenegro, Paan, Morales-García, Castillo-Blanco, Sairitupa-Sanchez and Saintila.

Keywords

Personal well-being
Financial
Threats
Peruvian adult
Mediation
personal well-being
financial
threats
mediation

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.3389/fpsyg.2022.1084731License: CC BY

https://www.frontiersin.org/articles/10.3389/fpsyg.2022.1084731

Cite this

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title = "Personal well-being and financial threats in Peruvian adults: The mediating role of financial well-being",

abstract = "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, χ 2(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. ",

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author = "Bertha Estela-Delgado and Gilmer Montenegro and Jimmy Paan and Morales-Garc{\'i}a, {Wilter C.} and Ronald Castillo-Blanco and Liset Sairitupa-Sanchez and Jacksaint Saintila",

note = "Publisher Copyright: Copyright {\textcopyright} 2023 Estela-Delgado, Montenegro, Paan, Morales-Garc{\'i}a, Castillo-Blanco, Sairitupa-Sanchez and Saintila.",

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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

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, χ 2(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, χ 2(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.

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KW - Financial

KW - Threats

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KW - financial

KW - threats

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M1 - 1084731

ER -

Personal well-being and financial threats in Peruvian adults: The mediating role of financial well-being

Abstract

Bibliographical note

Keywords

UN SDGs

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