Money Attitude and Spiritual Well-Being.
In: Journal of Risk & Financial Management, Jg. 15 (2022-10-01), Heft 10, S. 483-498
Online
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Zugriff:
This study seeks to explore the relationship between money attitude and spiritual well-being amongst Chinese youths in Hong Kong. Cross-sectional data (N = 501) were obtained from 249 Chinese university students in 2021 and 252 Chinese university students in 2022, aged between 19–23 years old. The participants were instructed to answer the Spiritual Well-being Questionnaire (SWBQ) to measure their spiritual well-being in the personal-communal, environmental and transcendental domains. The respondents were then asked to complete the Money Attitude Scale (MAS) to assess their attitudes and beliefs regarding money in three dimensions: power-prestige, anxiety and distrust. Results show that a negative correlation exists between the three dimensions of money attitude and the three domains of spiritual well-being. In addition, the power–prestige dimension of money attitude was the most accurate predictor of spiritual well-being. A stepwise regression analysis unveiled that the power-prestige dimension of students' money attitudes explained 6.2%, 15.4% and 27.6% of the variance in their sense of spiritual well-being across the personal-communal, environmental and transcendental domains, respectively. Adopting healthy perspectives and attitudes towards money are vital for the development of the youths' (spiritual) well-being. Thus, financial education and knowledge are crucial for adolescents. [ABSTRACT FROM AUTHOR]
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Titel: |
Money Attitude and Spiritual Well-Being.
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Autor/in / Beteiligte Person: | Pong, Hok-Ko |
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Zeitschrift: | Journal of Risk & Financial Management, Jg. 15 (2022-10-01), Heft 10, S. 483-498 |
Veröffentlichung: | 2022 |
Medientyp: | academicJournal |
ISSN: | 1911-8066 (print) |
DOI: | 10.3390/jrfm15100483 |
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