Definitions

  • Feeling anxious or worried about one’s financial situation (@archuleta2013, @heo2020, @lopezalvarado2021, @vieira2021)
  • Anxious disposition toward cognitive engagement with one’s personal finances, as an implicit phobic reaction to financial stimuli (@shapiro2012)
  • Negative psychological, emotional, and physiological responses due to insufficient resources to deal with a real or perceived threat to one’s standard of living/finances, as a subdomain of financial distress (@rosso2024)
  • Psychosocial syndrome that results in someone having an unhealthy attitude toward thinking about, engaging with, or administering their personal financial situation in an effective manner (@grable2015)

Theoretical frameworks


How it’s measured

Formal scales

Ad-hoc measures


Determinants

Financial satisfaction

  • @archuleta2013: greater financial satisfaction led to decreased financial anxiety (β*=-0.55), controlling for student loans, other debts, financial knowledge and demographic variables

Outcomes

Financial well-being

  • @vieira2021: financial anxiety led to decreased financial well-being on both public servants (β=-0.29) and other jobs (β=-0.38)