Date of Award:
Master of Science (MS)
Human Development and Family Studies
Yoon G. Lee
Yoon G. Lee
As of the end of the first quarter of 2021, overall consumer debt reached $14.64 trillion. The more debt a family has, the higher the reported levels of financial stress the family reports. Using data from the 2018 National Financial Capability Study (NFCS), the purpose of this study was to examine the associations among financial stressors, financial stress, and positive and negative financial behaviors. The findings of this study suggested that Black individuals had the highest levels of financial stressors, financial stress, and negative and positive financial behaviors among four racial/ethnic groups. The findings also suggested that high financial stress increased the levels of negative financial behaviors and decreased the levels of positive financial behaviors. These findings can help financial professionals and practitioners understand the link between high financial stress and poor financial behaviors and assist some demographic groups (e.g., Black individuals, millennials, less educated individuals, or low-income individuals) who might practice poor financial behaviors.
Lopez Alvarado, Paula Andrea, "Factors Associated With Financial Stressors, Financial Stress, and Financial Behaviors" (2021). All Graduate Theses and Dissertations. 8333.
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