Families’ Financial Stress &amp; Well-Being: The Importance of the Economy and Economic Environments

Friedline, Terri; Chen, Zibei; Morrow, So’Phelia

doi:10.1007/s10834-020-09694-9

Cited by 116 publications

(87 citation statements)

References 92 publications

(225 reference statements)

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“…In this study, debt delinquency refers to being late in debt repayment (Xiao & Yao, 2014). Researchers use different terms for perceived financial difficulties such as financial anxiety, stress, or distress (Archuleta et al, 2013;Friedline et al, 2020;Serido et al, 2014a). To be consistent with the literature of family economics, we use financial stress defined as a psychological state worrying about personal finance.…”

Section: Introductionmentioning

confidence: 99%

The Able Worry More? Debt Delinquency, Financial Capability, and Financial Stress

Xiao

Kim

2021

J Fam Econ Iss

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Research on the link between debt and financial stress is emerging. This study was one of the first attempts to examine the association between debt delinquency and financial stress and the moderating role of financial capability in the association. Delinquencies in three types of debts were examined: (a) mortgage, (b) credit card, and (c) student loan. With data from the 2018 U.S. National Financial Capability Study, multivariate regression results showed that payment delinquencies of mortgage, credit card and student loans were positively, while financial capability was negatively associated with financial stress. Further, surprisingly, the results implied that among consumers with debt delinquencies, financial capability may increase financial stress. If both financial capability's direct and interactive effect were considered, financial capability may decrease financial stress at much smaller rates than those without debt delinquencies. The situation was the worst among consumers with multiple delinquencies, in which the potential net effect of financial capability on financial stress was positive. The results of this study have implications for consumer financial service practices.

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Section: Introductionmentioning

confidence: 99%

The Able Worry More? Debt Delinquency, Financial Capability, and Financial Stress

Xiao

Kim

2021

J Fam Econ Iss

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“…The result of a study by Mohammadi et al showed that lack of access to medical equipment for caregivers made caring for COVID-19 patients a challenge [34]. Also, highcost for covid-19 treatment has affected families' nancial stress and well-being, where the immediate and long-term effects of COVID-19 have led to occupational vulnerability of families because of unemployment, declining incomes, debt, and economic hardship [35].…”

Section: Discussionmentioning

confidence: 99%

Family Caregivers' Experiences of Caring for Patients with COVID-19: A Phenomenological Study

Rahimi

Dastyar

Rafati

2020

Preprint

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Background: Family caregivers of patients with COVID-19 face many challenges that affect their physical and mental health. Aim: The aim of the present study was to explore the family caregivers' experiences of caring for patients with COVID-19. Methods: This qualitative phenomenological study was performed based on 13 family caregivers who had experience in home caring for patients with COVID-19. Data were collected through purposive sampling with in-depth semi-structured interviews. The Colaizzi's 7-step method was used to determine themes. The MAXQDA10 software was used to manage qualitative data analysis.Results: Five themes of (a) “nature of the disease” with 2 subcategories, including “fluctuating symptoms” and “emergent and unpredictable disease;” (b) “unmet needs” with 3 subcategories, including “lack of knowledge,” “lack of health facilities,” and” financial problems;” (c) “unpleasant physical, psychological, and social experiences” with 3 subcategories, including “unpleasant physical experiences,” “unpleasant psychological experiences,” and “unpleasant social experiences;” (d) “care facilitators” with 3 subcategories, including “social support,” “adaptive mechanisms,” and “intrinsic motivations;” and (e) “positive experiences” with 3 subcategories, including “promoting spirituality,” “improving relationships,” and “growth” were extracted.Conclusion: Information and financial support for COVID-19 should be provided to family caregivers. Also, community members should embrace patients and family caregivers and reinforce the positive experiences of caregivers.

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“…Another factor related to stress and well-being is the individual’s financial situation [ 100 ]. Being on sick- leave normally entails that one’s income is reduced, sometimes drastically, which most likely leads to stress for a majority of individuals, not only related to the current situation, but also to an uncertain economic future.…”

Section: A Proposed Cognitive Behavioral Explanatory Model Of Clinmentioning

confidence: 99%

A Cognitive Behavioral Model Proposing That Clinical Burnout May Maintain Itself

Almén

2021

IJERPH

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Burnout is common in many countries and is associated with several other problems such as depression, anxiety, insomnia, and memory deficits, and prospectively it predicts long-term sick-leave, cardiovascular disease, and death. Clinical burnout or its residual symptoms often last several years and a common assumption is that recovery takes a long time by nature, despite full time sick-leave and the absence of work stress. The literature suggests models that hypothetically explain the development, but not maintenance, of the syndrome. Based on cognitive and behavioral principles, stress research, and stress theories, this paper describes a theoretical model explaining how clinical burnout can develop and be maintained. While the development of clinical burnout is mainly explained by prolonged stress reactions and disturbed recovery processes due to work related stressors, maintenance of the syndrome is particularly explained by prolonged stress reactions and disturbed recovery processes due to the new context of experiencing burnout and being on sick-leave. Worry about acquired memory deficits, passivity and excessive sleep, shame, fear of stress reactions, and the perception of not being safe are examples of responses that can contribute to the maintenance. The model has important implications for research and how to intervene in clinical burnout. For example, it can offer support to professional care providers and patients in terms of focusing on, identifying, and changing current contextual factors and behaviors that maintain the individual’s clinical burnout symptoms and by that facilitate burnout recovery. Regarding research, the model provides a highly important reason for researchers to study contextual factors and behaviors that contribute to the maintenance of clinical burnout, which has been neglected in research.

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Families’ Financial Stress & Well-Being: The Importance of the Economy and Economic Environments

Cited by 116 publications

References 92 publications

The Able Worry More? Debt Delinquency, Financial Capability, and Financial Stress

The Able Worry More? Debt Delinquency, Financial Capability, and Financial Stress

Family Caregivers' Experiences of Caring for Patients with COVID-19: A Phenomenological Study

A Cognitive Behavioral Model Proposing That Clinical Burnout May Maintain Itself

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