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ERIC Number: EJ834512
Record Type: Journal
Publication Date: 2009-May
Pages: 16
Abstractor: As Provided
Reference Count: N/A
ISSN: ISSN-0303-8300
Acting for Happiness: Financial Behavior and Life Satisfaction of College Students
Xiao, Jing Jian; Tang, Chuanyi; Shim, Soyeon
Social Indicators Research, v92 n1 p53-68 May 2009
Recent research on well-being suggests that domain-specific behaviors contribute to domain-specific satisfactions, which in turn contribute to an individual's overall satisfaction with life. Our study is an attempt to add to the literature by observing these phenomena from a financial perspective. Using data collected from a sample of undergraduate students at a major state university in the U.S. and employing structural equation modeling, we have found evidence suggesting that positive financial behaviors contribute to financial satisfaction and financial satisfaction in turn contributes to life satisfaction. In addition, positive financial behaviors contribute to life satisfaction through two more mediating variables: academic performance and academic satisfaction.
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: United States