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Socio-Demographic Indicators, Intelligence, and Locus of Control as Predictors of Adult Financial Well-Being

The current study investigated a longitudinal data set of 4790 adults examining a set of socio-demographic and psychological factors that influence adult financial well-being. Parental social status (at birth), childhood intelligence and self-esteem (at age 10), locus of control (at age 16), psychol...

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Detalles Bibliográficos
Autores principales: Furnham, Adrian, Cheng, Helen
Formato: Online Artículo Texto
Lenguaje:English
Publicado: MDPI 2017
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6526447/
https://www.ncbi.nlm.nih.gov/pubmed/31162402
http://dx.doi.org/10.3390/jintelligence5020011
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author Furnham, Adrian
Cheng, Helen
author_facet Furnham, Adrian
Cheng, Helen
author_sort Furnham, Adrian
collection PubMed
description The current study investigated a longitudinal data set of 4790 adults examining a set of socio-demographic and psychological factors that influence adult financial well-being. Parental social status (at birth), childhood intelligence and self-esteem (at age 10), locus of control (at age 16), psychological distress (age 30), educational qualifications (age 34), current occupation, weekly net income, house ownership status, and number of rooms (all measured at age 38 years) were examined. Structural Equation Modelling showed that childhood intelligence, locus of control, education and occupation were all independent predictors of adult financial well-being for both men and women. Parental social status and psychological distress were also significant predictors of the outcome variable for men, but not for women. Whereas for women, in comparison to men, the effects of current occupation and childhood intelligence on the outcome variable appeared to be stronger. The strongest predictor of adult financial well-being was current occupational prestige, followed by educational achievement. The gender deferential of financial well-being indicators and its implications are discussed.
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spelling pubmed-65264472019-05-29 Socio-Demographic Indicators, Intelligence, and Locus of Control as Predictors of Adult Financial Well-Being Furnham, Adrian Cheng, Helen J Intell Article The current study investigated a longitudinal data set of 4790 adults examining a set of socio-demographic and psychological factors that influence adult financial well-being. Parental social status (at birth), childhood intelligence and self-esteem (at age 10), locus of control (at age 16), psychological distress (age 30), educational qualifications (age 34), current occupation, weekly net income, house ownership status, and number of rooms (all measured at age 38 years) were examined. Structural Equation Modelling showed that childhood intelligence, locus of control, education and occupation were all independent predictors of adult financial well-being for both men and women. Parental social status and psychological distress were also significant predictors of the outcome variable for men, but not for women. Whereas for women, in comparison to men, the effects of current occupation and childhood intelligence on the outcome variable appeared to be stronger. The strongest predictor of adult financial well-being was current occupational prestige, followed by educational achievement. The gender deferential of financial well-being indicators and its implications are discussed. MDPI 2017-04-06 /pmc/articles/PMC6526447/ /pubmed/31162402 http://dx.doi.org/10.3390/jintelligence5020011 Text en © 2017 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/).
spellingShingle Article
Furnham, Adrian
Cheng, Helen
Socio-Demographic Indicators, Intelligence, and Locus of Control as Predictors of Adult Financial Well-Being
title Socio-Demographic Indicators, Intelligence, and Locus of Control as Predictors of Adult Financial Well-Being
title_full Socio-Demographic Indicators, Intelligence, and Locus of Control as Predictors of Adult Financial Well-Being
title_fullStr Socio-Demographic Indicators, Intelligence, and Locus of Control as Predictors of Adult Financial Well-Being
title_full_unstemmed Socio-Demographic Indicators, Intelligence, and Locus of Control as Predictors of Adult Financial Well-Being
title_short Socio-Demographic Indicators, Intelligence, and Locus of Control as Predictors of Adult Financial Well-Being
title_sort socio-demographic indicators, intelligence, and locus of control as predictors of adult financial well-being
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6526447/
https://www.ncbi.nlm.nih.gov/pubmed/31162402
http://dx.doi.org/10.3390/jintelligence5020011
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