Financial Anxiety and Job Performance in Educational Settings: Analyzing the Effects of Financial Stress on Teachers and Staff

Abstract

This study examines the impact of financial anxiety on job performance among teachers and staff in educational settings, where challenges like low wages, high debt, and limited financial growth are prevalent. Financial anxiety, defined as persistent worry over income stability and financial obligations, can decrease focus, well-being, and productivity. Using a quantitative approach, data were collected from 500 educators across various institutions, and statistical analysis, including correlation and regression, revealed significant findings. Results showed a negative correlation (r=?0.45) between financial anxiety and job performance. Regression analysis further indicated that job satisfaction (?=0.35) and a supportive work environment (?=0.22) help reduce financial anxiety’s negative impact on performance. Debt burden and income level were strong predictors of financial anxiety, with job satisfaction partially mediating its effects. These findings underscore the importance of institutional support measures, such as financial counseling and mental health resources, to alleviate financial anxiety and enhance job performance. Future research is encouraged to explore additional moderating factors, such as family responsibilities and health conditions, to deepen insights.