Abstract
This study explores whether individual-related variables (self-esteem, grit, resilience), family-related variables (family support, family care giving-burden) and career and employment-related variables (career preparation behavior, employment barriers, employment prospects) are associated with the economic distress of low-income young adults. We analyzed data of 680 young adults aged 19-34 from the panel study of the Hope Growing Account Program for Young Adults conducted in 2019 using descriptive statistics and multiple regression. We found that the economic distress of low-income young adults was higher when self-esteem and grit were lower and when family caregiving burden, employment barriers, and employment prospects were higher. The factors leading to economic distress can be listed in the order of family caregiving burden, self-esteem, employment barriers, employment prospects, and grit. These results suggest that the expansion of youth policy support is critical for helping low-income young adults relieve their economic distress and difficulties.
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