Women's money beliefs and money behaviors and their relationship with socio-demographic, socio-economic and organizational-professional factors

Abstract

Introduction. Women's attitudes to money seem to play an important role in easing social tension and, therefore, need to be studied. Social transformations and the war in Ukraine, as well as global socio-political and economic crises have a powerful effect on the mentality of the individual including the economic behavior of women, which calls for researching the types of womens' money attitudes and behaviors and their relationship with socio-demographic, socio-economic and organizational-professional factors. Aim: to analyze the levels and types of womens' money beliefs and behaviors and their relationship with socio-demographic, socio-economic and organizational-professional factors. Methods. A. Fernem Money Beliefs and Behavior Scale (MBBS) (a modified version: M. Simkiv Money Perceptions and Behavior Scale (ShGUP) (Simkiv, 2012)) and a specially developed passport questionnaire. Results. Womens' money beliefs and money behaviors were divided into four groups (money obsession, power, economy, and inappropriate money behavior) and had high, medium, and low levels. Besides, womens' money beliefs and money behaviors had positive and negative statistically significant relationships with socio-demographic, socio-economic, and organizational-professional factors. Conclusions. The obtained findings suggest the need of special psychology of money training programs to increase women's monetary literacy.