Financial scarcity

Definitions

• Having fewer financial resources than needed (@vandijk2022)

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Theoretical frameworks

• Cognitive-transactional stress theory:
  • @vandijk2022: solidify the importance of the subjective perception of a financial situation
• Scarcity theory:
  • @vandijk2022: suggests the accompanying affective and cognitive responses to stressors are related to focus and neglect behaviors

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Outcomes

Self-esteem

• @vandijk2022: financial scarcity lead to decreased self-esteem (β=-0.19), controlling for gender, age, education, income and personality

Mental health

• @vandijk2022: financial scarcity lead to impaired mental health (β=-0.10), controlling for gender, age, education, income and personality

Life satisfaction

• @vandijk2022: financial scarcity lead to decreased life satisfaction (β=-0.31), controlling for gender, age, education, income and personality