The Relationship of Financial Stress to Overall Stress and Satisfaction
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bailey1998 - p. 198
Financial stress is perceived to be one of the most important sources of psycho-social stress because so many of the basic activities of daily life are associated with personal financial resources and their management (Peirce, Frone, Russel, & Cooper, 1996)
bailey1998 - p. 198
Satisfaction with life has been found to be a counter-balance against stress in both the personal and the work aspects of life.
bailey1998 - p. 198
Satisfaction with a life dimension can be defined as how well an individual feels about his or her adaptation in specific areas of life
bailey1998 - p. 200
Universal Health Services, a national hospital corporation, provided a list of their 20 behavioral hospitals, which allowed for a national sample representative of all geographical regions of the United States
bailey1998 - p. 201
Stress levels and coping resources were evaluated by The Coping and Stress Profile (CSP) (Olson, 1995). All the CSP scales have been found to have high reliability, content validity and construct validity (Olson,1995; Woodiel, 1997). The total work and total personal stress as well as the work and personal satisfaction subscales from the CSP were used for this analysis.
bailey1998 - p. 201
Financial stress was evaluated by two different sets of questions. Personal stress caused by concerns over issues of financial well-being is measured using six items. The respondent was to indicate how often in the past year these issues created stress. The items included “inadequate
bailey1998 - p. 202
income,” “disagreements over how to spend money,” and “lack of savings.”
bailey1998 - p. 202
Employment related financial stress was measured by using five items associated with benefits and compensation. The respondent was asked to indicate how often the following statements applied to them at work: “employer policy on payment of wages creates problems,” “salary and benefits create problems,” and “I am paid fairly for what I do” (reverse scored)
bailey1998 - p. 202
The work financial stress score responses were developed from the five items entitled “work benefits/compensation” on the SCP
bailey1998 - p. 202
The ten item Personal Satisfaction scale was created by Veit and Ware (1983). The scores ranged from above the minimum possible score of 10 to the maximum possible of 50.
bailey1998 - p. 202
The ten item Work Satisfaction scale was developed by Olson and Stewart (1988).