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Individual differences in behavioural responses to the financial threat posed by the COVID-19 pandemic

Using a representative sample of 400 Slovaks, the present study investigated the mediating role of subjective perception of financial threat to the relation between psychological resources and behavioural responses in the adaptation to financial stress posed by the COVID-19 pandemic. The results of...

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Detalles Bibliográficos
Autores principales: Adamus, Magdalena, Grežo, Matúš
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Ltd. 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9666053/
https://www.ncbi.nlm.nih.gov/pubmed/36407572
http://dx.doi.org/10.1016/j.paid.2021.110916
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author Adamus, Magdalena
Grežo, Matúš
author_facet Adamus, Magdalena
Grežo, Matúš
author_sort Adamus, Magdalena
collection PubMed
description Using a representative sample of 400 Slovaks, the present study investigated the mediating role of subjective perception of financial threat to the relation between psychological resources and behavioural responses in the adaptation to financial stress posed by the COVID-19 pandemic. The results of structural equation modelling analyses showed that greater neuroticism and uncertainty intolerance were positively related to aggravated perception of financial threat. This, in turn, led to greater willingness to change consumption patterns and use of mostly problem-focused coping strategies. The model remained robust after controlling for chronic financial hardship moderators, including the absence of savings and indebtedness. In contrast, the acute financial hardship caused by the deterioration of one's financial situation during the COVID-19 pandemic showed to significantly moderate the relation between one's psychological resources and perceived financial threat.
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spelling pubmed-96660532022-11-16 Individual differences in behavioural responses to the financial threat posed by the COVID-19 pandemic Adamus, Magdalena Grežo, Matúš Pers Individ Dif Article Using a representative sample of 400 Slovaks, the present study investigated the mediating role of subjective perception of financial threat to the relation between psychological resources and behavioural responses in the adaptation to financial stress posed by the COVID-19 pandemic. The results of structural equation modelling analyses showed that greater neuroticism and uncertainty intolerance were positively related to aggravated perception of financial threat. This, in turn, led to greater willingness to change consumption patterns and use of mostly problem-focused coping strategies. The model remained robust after controlling for chronic financial hardship moderators, including the absence of savings and indebtedness. In contrast, the acute financial hardship caused by the deterioration of one's financial situation during the COVID-19 pandemic showed to significantly moderate the relation between one's psychological resources and perceived financial threat. Elsevier Ltd. 2021-09 2021-04-13 /pmc/articles/PMC9666053/ /pubmed/36407572 http://dx.doi.org/10.1016/j.paid.2021.110916 Text en © 2021 Elsevier Ltd. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Adamus, Magdalena
Grežo, Matúš
Individual differences in behavioural responses to the financial threat posed by the COVID-19 pandemic
title Individual differences in behavioural responses to the financial threat posed by the COVID-19 pandemic
title_full Individual differences in behavioural responses to the financial threat posed by the COVID-19 pandemic
title_fullStr Individual differences in behavioural responses to the financial threat posed by the COVID-19 pandemic
title_full_unstemmed Individual differences in behavioural responses to the financial threat posed by the COVID-19 pandemic
title_short Individual differences in behavioural responses to the financial threat posed by the COVID-19 pandemic
title_sort individual differences in behavioural responses to the financial threat posed by the covid-19 pandemic
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9666053/
https://www.ncbi.nlm.nih.gov/pubmed/36407572
http://dx.doi.org/10.1016/j.paid.2021.110916
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