I choose this term to describe the repeated and negative thinking about one’s financial situation (either of past or future), as suggested by @debruijn2020
If it’s focused from present to the past, it’s called financial rumination:
Repetitive, passive, and pessimistic thinking about the possible causes and consequences of one’s financial concerns (@debruijn2020, @simonse2024)
Tendency towards repetitive and persistent thoughts about money (@johar2015)
Preoccupations with financial scarcity, like intrusive thoughts about pressing financial needs (@vandijk2022)
If it’s focused from present to the future, it’s called financial worry:
Repeated and negative thinking about the uncertainty of one’s future financial situation (@debruijn2020)
The negative psychological consequences of insufficient resources to deal with a real or perceived threat to one’s standard of living/finances, as a subdomain of financial distress (@rosso2024)
Being upset for going through financial strain due to losing physical and economic ability, and lack of independence (@sharif2020)
Increased log(income) was related with increased financial worry-rumination indirectly (β=—0.23) through:
Making ends meet (β=-0.16)
Financial buffer (β=-0.04)
Current debts (β=-0.02)
@johar2015: income <40k USD led to increased rumination levels (OR=1.58)
Gender
@weissman2020 found being female increases likelihood of getting worried about:
Paying for bills (OR=1.4), serious medical cost (OR=1.3), expected medical cost (OR=1.2), retirement (OR=1.2), children’s college (OR=1.2)
Maintaining standard of living (OR=1.2)
Age
@debruijn2020 found a direct relationship between older age and decreased financial worry-rumination:
35-64 (β=-0.10, vs. <34y)
65-80 (β=-0.12, vs. <34y)
@weissman2020 suggested 45-64y age group (vs. 18-44y) had decreased worry episodes about:
Paying for bills (OR=0.79), serious medical cost (OR=0.90), and children’s college (OR=0.59)
Ethnicity
@weissman2020 found skin color predicted worriedness:
Hispanic (vs. non-Hispanic White): paying for bills (OR=2.1), serious medical cost (OR=1.6), expected medical cost (OR=1.9), retirement (OR=1.4), children’s college (OR=1.5), and maintaining standard of living (OR=1.5)
Non-Hispanic Black (vs. non-Hispanic White): paying for bills (OR=1.5), and expected medical cost (OR=1.1)
Education
@weissman2020 found education level was associated with different types of worry:
Less than high-school (vs. undergraduate): paying for bills (OR=1.5), serious medical cost (OR=1.2), expected medical cost (OR=1.5), and maintaining standard of living (OR=1.2)
High-school (vs. undergraduate): paying for bills (OR=1.1), and expected medical cost (OR=1.1)
Degree/above (vs. undergraduate): paying for bills (OR=0.50), serious medical cost (OR=0.66), expected medical cost (OR=0.54), retirement (OR=0.69), children’s college (OR=0.77), and maintaining standard of living (OR=0.70)
Mental health
@weissman2020 reported serious psychological distress lead to increased worrying about:
Paying for bills (OR=6.7), serious medical cost (OR=2.2), expected medical cost (OR=3.0), retirement (OR=2.9), children’s college (OR=3.3)
Maintaining standard of living (OR=4.8)
Physical health
@weissman2020 suggested number of chronic health conditions predicted financial worry:
One condition (vs. zero): paying for bills (OR=1.3), and maintaining standard of living (OR=1.2)
Two or more (vs. zero): paying for bills (OR=2.1), serious medical cost (OR=1.3), expected medical cost (OR=1.9), retirement (OR=1.4), children’s college (OR=1.5), and maintaining standard of living (OR=1.7)
