Perceived Financial Well-being Scale

Netemeyer, Richard G., Dee Warmath, Daniel Fernandes, and John G. Lynch (2018). How Am I Doing? Perceived Financial Well-Being, Its Potential Antecedents, and Its Relation to Overall Well-Being, Journal of Consumer Research, 45 (1), 68-89.

The Perceived Financial Well-being Scale: Perceived_Financial_Well_Being_Scale.docx


Table of Contents


Description


References


Description:

Purpose

The scale is designed to measure perceived financial well-being in two dimensions:
1) current money management stress
2) expected future financial security.

Questions

10 items using 5-point scale ratings (1 = does not describe me at all to 5 = describes me completely)

Sub-scales

2: current money management stress and expected future financial security.

Domain

Miscellaneous Measures

Sample items

Expected Future Financial Security: 5-point scale items (does not describe me at all to describes me completely)
I am becoming financially secure.
I am securing my financial future.
I will achieve the financial goals that I have set for myself.
I have saved (or will be able to save) enough money to last me to the end of my life.
I will be financially secure until the end of my life.

Current Money Management Stress: 5-point scale items (does not describe me at all to describes me completely)
Because of my money situation, I feel I will never have the things I want in life.
I am behind with my finances.
My finances control my life.
Whenever I feel in control of my finances, something happens that sets me back.
I am unable to enjoy life because I obsess too much about money.


References:

Scale:
Netemeyer, Richard G., Dee Warmath, Daniel Fernandes, and John G. Lynch (2018). How Am I Doing? Perceived Financial Well-Being, Its Potential Antecedents, and Its Relation to Overall Well-Being, Journal of Consumer Research, 45 (1), 68-89.

Uses:

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