Financial Stress among Students: An online behavioral study examining Actions to resolve Financial Stress,  Social Support and the Intention - Action Gap

Financial stress has negative outcomes for both mental health and academic performances. The aim of the current study was to investigate the relationship between perceived financial stress among students, the actions they (intend to) take to resolve that stress and social support. 146 students from the UK with an age between 18 and 27 participated in the current study by completing an online survey. The results showed a positive relationship between perceived financial stress and the likelihood that they take action to resolve this stress. Two types of actions were found: adjusting income/expenses and seeking support from others. For both types of actions a gap between the intentions and actual actions taken was found. However, there was no significant moderating effect of perceived social support found on the relationship between financial stress and actions taken to resolve that stress. The results of the current study add knowledge to the topic of financial stress among students...Show moreFinancial stress has negative outcomes for both mental health and academic performances. The aim of the current study was to investigate the relationship between perceived financial stress among students, the actions they (intend to) take to resolve that stress and social support. 146 students from the UK with an age between 18 and 27 participated in the current study by completing an online survey. The results showed a positive relationship between perceived financial stress and the likelihood that they take action to resolve this stress. Two types of actions were found: adjusting income/expenses and seeking support from others. For both types of actions a gap between the intentions and actual actions taken was found. However, there was no significant moderating effect of perceived social support found on the relationship between financial stress and actions taken to resolve that stress. The results of the current study add knowledge to the topic of financial stress among students and can help researchers, policymakers and other professionals (e.g., social workers and counsellors) to understand the concept of the intention - action gap for students with financial stress.Show less

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Financial Stress among Students: An online behavioral study examining Actions to resolve Financial Stress, Social Support and the Intention - Action Gap