Understanding the link between financial wellbeing and life satisfaction for emerging adults: the moderator role of employment status

Atay B.

British Journal of Guidance and Counselling, 2025 (SSCI, Scopus) identifier

  • Yayın Türü: Makale / Tam Makale
  • Basım Tarihi: 2025
  • Doi Numarası: 10.1080/03069885.2025.2583364
  • Dergi Adı: British Journal of Guidance and Counselling
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, IBZ Online, CINAHL, Education Abstracts, Educational research abstracts (ERA), ERIC (Education Resources Information Center), Psycinfo, Social Sciences Abstracts
  • Anahtar Kelimeler: Emerging adults, life satisfaction, unemployment
  • TED Üniversitesi Adresli: Evet

Özet

Although financial strain has been shown to linked with life satisfaction in unemployed individuals, the potential moderating role of employment status (i.e. employed vs. unemployed) on the relationship between financial wellbeing and life satisfaction has yet to be tested for emerging adults. To fill this gap, the purpose of the present study is twofold: (1) to assess the psychometric properties of the Multidimensional Subjective Financial Wellbeing Scale (MSFWBS), and (2) to examine the moderator role of occupational status on the relationship between financial wellbeing and life satisfaction in a sample of Turkish emerging adults. Study 1 showed that Turkish version of the scale (MSFWBS-T) yielded satisfactory validity and reliability results. Study 2 revealed that the strength of the association between financial wellbeing and life satisfaction is stronger for unemployed emerging adults compared to their peers who are full-time employed or students.