Financial Stress Relationship with Work Life and Financial Well-Being
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ozyuksel2022 - p. 88
Yerkes-Dodson law states that a relationship between arousal and behavioral task performance exists, such as that there is an optimal level of arousal for optimal performance. Over-or-under-arousal reduces task performance (Cohen, 2011). According to the law, the optimal level of stress increases performance. On the contrary, lack of stress eliminates a person’s desire to work. This law is demonstrated as a bell curve. When stress is low, performance is low, and performance increases as stress rises to the optimal level. When stress rises above the optimal level, performance decreases again. According to research, the level of stress required to achieve optimum performance for each task is different.
ozyuksel2022 - p. 89
inancial stress is defined as the stress that individuals face due to a change in their financial situation, inability to manage financial matters, or lack of sufficient resources to achieve current and future goals, i.e. poor financial health. It can also be defined as the situation where financial/economic events create feelings of anxiety, unease and scarcity accompanied by a physiological stress response (Financial Health Institute and Lab, 2021)
ozyuksel2022 - p. 93
The sample of the study comprised of 283 people, with 164 (56.6%). male and 119 female participants. The mean age of the participants was 43.17 (S=10.44). The majority of respondents were married (61.7%) and had a bachelor’s degree or more (93%). The participants had worked for an average of 19.05 years (S=10.99).
ozyuksel2022 - p. 93
The Financial Well-Being Scale was developed by Prawitz et al. (2014). to measure the financial well-being of individuals. The scale consisting of eight items is a ten-point Likert scale. In this study, the scale was adapted to Turkish, and its validity and reliability were analysed.
ozyuksel2022 - p. 94
The Work Performance Scale was developed by Kirkman and Rosen (1999). to measure individuals’ performance at work, then revised by Sigler and Pearson in 2000. The scale consisting of four items is a five-point Likert scale. The adaptation to Turkish, validity and reliability studies were carried out by Cöl (2008).
ozyuksel2022 - p. 95
The Generalized Anxiety Disorder Scale was developed by Spitzer and his colleagues (2006). to evaluate generalized anxiety disorder. The scale consisting of seven items is a four-point Likert scale. Its adaptation to Turkish, validity and reliability studies were carried out by Konkan et al. (2013).