Financial Well-being Research Articles

Exploring the impact of housing insecurity on the health and wellbeing of children and young people in the United Kingdom: a qualitative systematic review

BackgroundHousing insecurity can be understood as experiencing or being at risk of multiple house moves that are not through choice and related to poverty. Many aspects of housing have all been shown to impact children/young people’s health and wellbeing. However, the pathways linking housing and childhood health and wellbeing are complex and poorly understood.MethodsWe undertook a systematic review synthesising qualitative data on the perspectives of children/young people and those close to them, from the United Kingdom (UK). We searched databases, reference lists, and UK grey literature. We extracted and tabulated key data from the included papers, and appraised study quality. We used best fit framework synthesis combined with thematic synthesis, and generated diagrams to illustrate hypothesised causal pathways.ResultsWe included 59 studies and identified four populations: those experiencing housing insecurity in general (40 papers); associated with domestic violence (nine papers); associated with migration status (13 papers); and due to demolition-related forced relocation (two papers). Housing insecurity took many forms and resulted from several interrelated situations, including eviction or a forced move, temporary accommodation, exposure to problematic behaviour, overcrowded/poor-condition/unsuitable property, and making multiple moves. Impacts included school-related, psychological, financial and family wellbeing impacts, daily long-distance travel, and poor living conditions, all of which could further exacerbate housing insecurity. People perceived that these experiences led to mental and physical health problems, tiredness and delayed development. The impact of housing insecurity was lessened by friendship and support, staying at the same school, having hope for the future, and parenting practices. The negative impacts of housing insecurity on child/adolescent health and wellbeing may be compounded by specific life circumstances, such as escaping domestic violence, migration status, or demolition-related relocation.ConclusionHousing insecurity has a profound impact on children and young people. Policies should focus on reducing housing insecurity among families, particularly in relation to reducing eviction; improving, and reducing the need for, temporary accommodation; minimum requirements for property condition; and support to reduce multiple and long-distance moves. Those working with children/young people and families experiencing housing insecurity should prioritise giving them optimal choice and control over situations that affect them.

Current status, challenges and analysis of financial investment for students: A case study of Vietnam

In the dynamic landscape of global finance, the necessity for financial literacy has become increasingly prominent, especially among younger generations who face unprecedented financial risks and complexities. The paper outlines the critical role of financial education within school curricula, emphasizing its importance in preparing youth to navigate the complexities of financial products and services effectively. As financial responsibilities and decision-making increasingly shift from institutions to individuals, the need for comprehensive financial education from an early age is more pronounced than ever. The paper explores various aspects of implementing financial education in schools, addressing the challenges of integrating such programs into existing curricula, securing necessary resources, and adequately training educators. Through a review of successful case studies from different countries, such as Australia, Brazil, and the United States, effective strategies and practices are highlighted. Particularly, we focus on the analysis the financial case studies of Vietnamese students. These examples demonstrate the importance of political support, stakeholder involvement, and sustainable program implementation to ensure the longevity and impact of financial education initiatives. Additionally, the paper provides a comparative analysis of financial education learning frameworks, which illustrates the diverse approaches tailored to specific educational and national contexts. This analysis underscores the importance of adapting financial education to meet local needs while aligning with broader educational goals. Furthermore, some key policy recommendations are offered to guide schools in supporting and committing to financial education. These include developing clear, measurable objectives for financial literacy programs, creating high-quality teaching materials, and fostering collaborations among governments, educational institutions, and financial experts. Lastly, the paper discusses methods for monitoring and evaluating the effectiveness of financial education programs. It stresses the need for both quantitative and qualitative assessments to ensure these initiatives meet their goals and contribute to the overall financial well-being of students. The conclusion calls for a sustained commitment to financial education, advocating for its integration into national educational policies and curricula. This strategic approach aims to leverage significant economic events to reinforce the value of financial literacy, ensuring that future generations are equipped to make informed financial decisions and contribute positively to the economy.

Families of austerity: benefit cutbacks and family stress in the UK

Abstract Benefit cutbacks have been prominent after the Great Recession. The Family Economic Stress Model (FESM) theorizes how financial losses such as those spurred by cutbacks might adversely affect parental and child well-being. Yet, few links with policy have been established. We extend current knowledge by comprehensively assessing how benefits cutbacks may affect parents and their adolescent children. We rely on the first ten waves of the UK Household Longitudinal Study (2009–2019) and an event-study approach to examine the aftermath of an exceptional raft of benefit cutbacks. We find that mothers with lower incomes and single mothers accumulated losses equal to 20–30 percent of their household benefit income. Mothers could not fully compensate for such benefit income losses via their extra earnings, despite increased workforce participation. Financial worries, some forms of material hardship, and mental health worsened among mothers with lower incomes and single mothers exposed to cutbacks. Adolescent socio-emotional difficulties also increased in the period. We find little evidence, though, that cutbacks disrupted parenting. Parents thus display more agency than that accorded by the FESM. Nonetheless, findings point to deepening socioeconomic divides in financial and mental well-being, questioning the rationale for cutbacks.

Cultivating long-term well-being through transformative undergraduate education.

Despite the growing body of research suggesting certain pedagogical approaches that can support student well-being, higher education has not fully embraced these approaches and typically still does not view well-being as a high priority in comparison with other metrics such as retention or GPA. Here, we contend that universities must play an active role in supporting lifelong well-being in their student populations by expanding their definitions of student success and providing opportunities and programs that support elements related to well-being. We propose a student well-being nexus, which comprises a sense of belonging, agency, purpose, identity, civic engagement, and financial well-being. This article provides a perspective on the importance of each element to well-being and which pedagogical practices have been shown to support various dimensions of well-being in undergraduate education, such as service learning, undergraduate research, and mentoring. In addition, it showcases 6 exceptional initiatives from various universities that aim to support one or more of the student well-being nexus dimensions, which can serve as models for other universities. Finally, several guiding principles are outlined for higher education institutions to support the implementation of student well-being initiatives and transformational learning opportunities. These include assessment of initiatives, embedding initiatives into the curriculum, and avoidance of creating additional financial burdens for students. These efforts can promote well-being on college campuses and beyond graduation.

Pricing a Defaultable Zero-Coupon Bond under Imperfect Information and Regime Switching

We propose a pricing formula for a defaultable zero-coupon bond with imperfect information under a regime switching model using a structural form of credit risk modelling. This paper provides explicit representations of risky debt under regime switching with a constant interest rate and risky debt under regime switching with a regime switching interest rate. While the value of the firm’s equity is observed continuously, we assume that the total value of the firm is only observed at discrete times, such as the dates of the release of the firm’s annual reports, or quarterly reports. This uncertainty about the true value of the firm results in credit spreads that do not approach zero as the debt approaches maturity, which is a problem with many structural models. The firm’s value is typically decomposed into its equity and debt; however, we consider the asset–to–equity ratio, an accounting ratio used to examine a firm’s financial well-being. The parameters in our model are regime switching, where the regime can be thought of as the state of the economy. A Markov chain with a constant transition rate matrix produces the regime switching.

Impact of Financial Risk Tolerance on Reinvestment Intention and Investor’s Financial Well-Being: A Narcissistic Personality and Perceived Financial Transparency Approach

This study investigates the impact of monetary gamble tolerance on investment intentions among people, emphasizing the job of monetary information and personality traits. Utilizing a sample of 284 money students, we employed multinomial logistic regression analysis to explore what monetary information means for risk tolerance and investment choices. Our discoveries uncover that people characterized by elevated degrees of extraversion, suitability, openness to experience, and conscientiousness are more disposed to invest, with monetary gamble tolerance significantly mediating these relationships. Specifically, monetary gamble tolerance completely mediates the connection between neuroticism and long haul investment intentions, highlighting the psychological elements of investment conduct. Additionally, monetary information arose as a significant factor impacting short-term and long haul investment intentions, though it showed limited moderating effects between risk tolerance and investment purpose. These insights highlight the importance of improving monetary literacy and understanding personality traits to foster more educated investment choices. The implications of this research extend to monetary supervisors, institutions, and policymakers, emphasizing the need to promote monetary information and chance tolerance as pivotal components in empowering people to take part in investment activities.

Clinical features and management approaches for Urinary Incontinence in Older Adults: Evidence from Three Hospitals in Qatar.

Urinary incontinence (UI) is a common medical problem that seriously affects patients' physical, psychological, social, and financial well-being. To identify the most effective drug management techniques, this retrospective study aimed to describe the demographics, etiology, and medical traits of people with UI. This retrospective study was conducted at Rumailah Hospital, Ambulatory Care Centre, and Hamad General Hospital to investigate UI risk factors, causes, and management practices in people aged ≥ 65 years within the Hamad Medical Corporation (HMC) in Qatar. The 272 patients enrolled in the study had a marked male preponderance, and a larger percentage of non-Qatari residents than Qataris residents. Solifenacin (24.9%), Tolterodine (4.1%), and Oxybutynin (1.1%) were the most commonly administered anticholinergic drugs, while Tamsulosin (82.9%), Alfuzosin (14.5%), and Doxazosin (1.7%) were the most frequently prescribed alpha-blockers. This study underscores the importance of investigating UI in institutionalized older adult populations considering the limited research available in Qatar. The identified preventable risk factors can be proactively addressed to mitigate UI. This study also highlights the need for thorough documentation of the diagnosis and reasons for improving the standards of patient care. The findings of this study provide important information that can be used to design medication management methods for enhancing patient outcomes.

Integrating a Personal Finance Workshop to Enhance Financial Literacy Among Senior Medical Students: A Single Institution's Experience.

Graduating medical students frequently start their training burdened with substantial financial debt and minimal savings, especially in comparison to their peers in other professional fields. A lack of financial literacy can result in increased debt, decreased job satisfaction and contribute to physician burnout. Enhancing financial education could improve both the financial stability and emotional well-being of future medical professionals. In this study, a basic personal finance workshop was conducted for 4th year medical students at a single institution. The aim of the study was to determine the impact of the personal finance workshop on improving financial literacy. An introduction to basic personal finance workshop was open to enrollment for all 4th year medical students at The Alpert Medical School at Brown University. A 40-question survey to evaluate financial literacy was administered to all participants before and 6-months after the workshop. The topics covered included student loan management, basics of retirement accounts, investing, budgeting, saving and consensus surrounding financial topics. The results were analyzed using student paired t-test and Chi-square test of independence. Overall, an improvement in financial literacy was reported 6 months after the personal finance workshop (62% vs 54%, p = 0.004). Students subjectively reported an increase in confidence in their personal finance knowledge (16% vs 44%) and general knowledge regarding retirement savings (7% vs 55%). More than 92% of students agreed or strongly agreed that a basic personal finance education should be included as part of the medical school curriculum. A personal finance workshop for medical students nearing graduation increases awareness and confidence in financial knowledge. The incorporation of basic financial education in the medical school curriculum may help young physicians establish better financial habits that will improve their financial wellbeing.

Financial Literacy and Financial Anxiety in Malaysia: Determinants and Behavioural Influences

In reaction to economic uncertainty, there has been a rise in financial anxiety, which is defined as the psychological distress brought on by financial circumstances. The current study looks into how financial literacy—which encompasses financial behaviour, impulsivity, vulnerability, and knowledge—affects financial anxiety among Malaysians. The data gathered from 389 individuals served as the basis for the analysis. The findings show that the most important predictor of financial anxiety is financial vulnerability, most especially the inability to pay monthly obligations. A major contributing factor to reckless spending is the heightened anxiety that accompanies rash financial decisions. On the other hand, forming sound financial practices, such making on-time bill payments and keeping a careful eye on funds, significantly reduces financial stress. The study shows that misunderstandings of financial concepts exacerbate anxiety, underscoring the necessity for proper financial education. Demographic factors including age, gender, and marital status have an impact on financial anxiety. In particular, stress tends to be somewhat higher in younger people, women, and unmarried people. These findings emphasise the need for tailored financial literacy programs that address behaviour and knowledge gaps, promote financial self-control, and provide specific help to excluded groups. The study underscores the critical role that financial literacy plays in mitigating financial anxiety and improving overall financial well-being. It contends that in order to effectively address these challenges, future interventions should prioritise the use of behavioural change strategies and practical financial education.

Exclusive and dual use of electronic cigarettes among European youth in 32 countries with different regulatory landscapes

BackgroundThe Tobacco Products Directive (2014/40/EU) partially harmonised the regulation of electronic cigarettes (e-cigarettes) in Europe, but individual countries maintain jurisdiction over bans on use in public places, domestic advertising, taxation...

Erratum: Patient Financial Well-Being and Access to Cancer Treatment During Wartime

Erratum: Patient Financial Well-Being and Access to Cancer Treatment During Wartime

Rising Auto Loan Delinquencies and High Monthly Payments

Delinquency rates on auto loans rose substantially to above pre-pandemic levels by the end of 2023, after falling to historical lows during the COVID-19 pandemic. Because auto loans are an important sector in consumer credit, accounting for about 25 percent of nonmortgage consumer credit, a deeper analysis of the increase in delinquencies can give insights into the financial health of borrowers in consumer credit markets and overall household financial well-being.

The credit risk management practices of lending companies in Nueva Ecija: Basis for risk mitigating plan

As the Philippine economy works toward greater stability and aims to improve the social and financial well-being of its citizens, the Central Bank of the Philippines must manage and oversee the movement of money across the country. The circulation of money helps to balance inflation and unemployment rates. In the rural areas of Nueva Ecija, Philippines, one can easily observe various establishments where individuals can apply for loans, particularly from lending companies. Over the past years, this type of business has grown, and as institutions that deal primarily with money, they inevitably face significant risks. This study, using a descriptive method, was conducted to examine the different credit risk management practices used by lending institutions in these municipalities, particularly focusing on credit analysis and collection policies. Additionally, the study aimed to assess the loan collection performance of these lending institutions, considering factors such as portfolio-at-risk, on-time repayment rate, and past-due rate. The results showed that the credit risk management practices of these lending companies do not significantly affect their loan collection performance. The study also identified weaknesses in the common practices of these institutions by analyzing the market. These identified shortcomings serve as the basis for the researchers to propose a plan to reduce the impact of unavoidable risks.

Perspectives of practitioners on support for caregivers of children with intellectual disability.

Children with profound intellectual disabilities are unable to do anything for themselves and require full-time care in healthcare facilities. While caring for children, secondary caregivers become overwhelmed. Coupled with little or no support, the overwhelming work affects their psychological, social and financial well-being. Mental healthcare practitioners have perspectives on conditions under which secondary caregivers work and how can they be supported. Little is known about such perspectives. This study aims to explore and describe the perspectives of mental healthcare practitioners regarding the conditions under which secondary caregivers of children with profound intellectual disabilities work and how can they be supported. A qualitative-exploratory-descriptive and contextual research design was adopted using a non-probability purposive sampling technique. This study was conducted in Gauteng province. Semi-structured individual interviews were performed to collect data. Content data analysis and ATLAS.ti were used to analyse the data. Knowledge and skills development, stress reduction, resources and motivation were themes that emerged. This study explored and described the perspectives of mental healthcare practitioners regarding the conditions under which secondary caregivers of children with profound intellectual disabilities work and how can they be supported. If implemented, perspectives can improve the holistic well-being of secondary caregivers.Contribution:This study broadened an understanding of how secondary caregivers can be supported. Future researchers can use study results to develop programmes, intervention strategies and frameworks to support secondary caregivers.

Iddah Sebagai Instrumen Perlindungan Perempuan Dalam Hukum Islam

This research examines the concept of iddah in Islamic law, focusing on its provisions, criteria, and impact on the rights and welfare of Muslim women. Iddah is a waiting period that a woman must undergo after divorce or the death of her husband, which aims to ensure the certainty of lineage and allow time for emotional healing and social adjustment. This study analyzes the various provisions of iddah, such as the duration and conditions that must be met, as well as the criteria that affect the iddah period, such as age, state of pregnancy, and previous marital status. The impact of iddah on women's rights, including the right to maintenance during iddah (nafkah iddah) and the right to mut'ah, is also discussed in depth. The research also explores the psychological and social well-being of Muslim women during the iddah period, as well as the legal and social implications of its provisions in the modern context. Based on an analysis of classical Islamic law and contemporary practices in various countries, the study concludes that while iddah aims to protect women's rights, its implementation often presents challenges, particularly in relation to women's financial and emotional well-being. Therefore, legal reforms that take into account the current social context and women's needs are needed to ensure that iddah provisions can be applied fairly and provide maximum protection for Muslim women

CURRENT ASPECTS OF THE IMPACT ON THE FORMATION OF FINANCIALLY LITERATE BEHAVIOR OF RUSSIAN YOUTH IN THE CONTEXT OF SANCTIONS PRESSURE

The purpose of the study. Research of aspects of more literate behavior of young people in financial activities. The article examines the current aspects of the impact on the formation of financially literate behavior of Russian youth under the conditions of sanctions pressure. It is noted that in these conditions, the role of a sociologist is increasing in the need to provide various government structures with real information on various problems of society, and primarily in the financial sphere. The authors emphasize that “sustainable improvement of the quality and standard of living of citizens requires improving financial literacy and the formation of a financial culture, ensuring the financial well-being of citizens, their conscious use of financial products and services, reasonable financial decision-making, investment and risk management”. The work emphasizes that today the level of financial literacy and financial culture among young people is not at the proper level. At the same time, the financial culture of young people shows positive growth, and there are significant prospects for its further improvement. The article proposes a number of measures to improve the financial culture of young people, create a favorable environment for the development of optimal financial behavior of young people. Findings. The paper concludes that in order to form a full-fledged financially literate behavior of young people, it is necessary to develop not only financial literacy and financial culture, but also to contribute to the formation of a genuine value world in the process of personal socialization.

Investment Knowledge in the Young Generation: A Theory of Reasoned Action Perspective

This study aims to explore the investment knowledge of students from the Faculty of Economics and Business at Universitas Negeri Makassar using the Theory of Reasoned Action framework. Basic investment knowledge is crucial for prospective investors to avoid irrational investment practices, such as gambling, following trends without analysis, falling victim to fraud, and facing significant financial losses. Adequate knowledge, experience, and business instincts are essential for analyzing which assets to invest in within the capital market. Understanding the correct methods of investing is vital to minimize the risk of losses, particularly in stock market investments. While the growth of investors in Indonesia's capital market is promising, the overall interest in investing remains relatively low compared to other countries. This study underscores the importance of enhancing investment education to better prepare young investors. By increasing their financial literacy and decision-making capabilities, we can help foster a more robust investment culture and contribute to the financial well-being of the young generation.

The Influence of Financial Literacy on The Investment Behavior of Indonesian Migrant Workers in Japan

This study aims to analyze the influence of financial literacy on the investment behavior of Indonesian migrant workers in Japan, taking into account factors such as age, education level, and income. The research focuses on 50 Indonesian migrant workers in the Miyazaki area of Japan. Financial literacy is considered a key factor that can affect investment behavior, helping these workers make better investment decisions. A quantitative approach was employed, using descriptive statistical methods and correlation analysis based on questionnaire data that measured respondents' understanding of financial literacy and its impact on their investment behavior. The results show that financial literacy has a positive and significant effect on investment behavior. Higher levels of financial literacy are associated with improved investment decisions. Additionally, age, education, and income also have a significant impact. These findings highlight the importance of developing more effective financial literacy education and training programs for Indonesian migrant workers in Japan, as improved financial literacy can lead to better investment decisions, increased access to investment opportunities, and enhanced financial well-being.

The Influence of Financial Inclusion on Stock Market Participation in Nepal: Exploring the Mediating Effect of Financial Knowledge

This paper focuses on financial inclusion (FI), a fast-embracing topic with potential drivers of economic growth and the improvement of individual financial well-being. This study contributes to the existing literature by analysing how financial inclusion influences stock market participation (SMP) in Nepal, explicitly emphasising the intermediary role of economic knowledge. The study employed a causal-comparative research design, and the data were collected from 403 individual investors actively participating in the Nepal Stock Exchange (NEPSE) trading. The statistical tools used to meet the objectives of this research are descriptive statistics, factor analysis, and structure equation modelling. The study results show that FI and knowledge influence individual investor participation in the stock market. The result also indicates that FI is positively related to stock market activity, while it is essential to enhance citizens' FK significantly. Further, mediation analysis shows that FK partially mediates the relationship between FI and SMP. This suggests its pivotal role in narrowing the gap between access to financial services and actual investment behaviour. These findings underscore the critical role of FI in creating an inclusive and participatory financial ecosystem within Nepal. Longitudinal data in future research can capture the evolving dynamics of FI and its long-term impact on SMP.

Investigating Graduate Youth Unemployment in Puntland: Causes, Consequences, and Solutions

Globally, youth unemployment is a serious problem that affects political stability and socioeconomic growth. In Puntland, a semi-autonomous area in northeastern Somalia, this study investigates the problem of graduate youth unemployment, concentrating on its causes, effects, and possible solutions. Many Puntland graduates have significant obstacles in finding work, despite greater access to education and increasing participation in postsecondary institutions. This underscores a serious mismatch between the demands of the labor market and educational attainment. Beyond just personal difficulties, unemployment has a negative impact on the economy, productivity, social inequity, and political instability. This study uses a mixed-methods approach to collect data from 582 respondents, including stakeholders, policymakers, and graduates. The main causes of unemployment, according to the findings, are a lack of job prospects, a mismatch in skills, unstable economic conditions, and a lack of work experience. The study emphasizes the detrimental effects that unemployment has on graduates' social, mental, and financial well-being; many of them think about leaving their home country in search of better prospects. Addressing graduate youth unemployment in Puntland requires complete policy reforms, educational enhancements, and strategic investments in job-creating sectors. Among the suggestions are matching educational programs to industry demands, encouraging career services, encouraging entrepreneurship, and supporting vocational training. To foster an environment that is conducive to long-term economic growth and the generation of jobs, cooperation between government agencies, academic institutions, and the private sector is essential. The objective of this research is to enhance policy discussions and stimulate practical approaches to mitigate graduate joblessness, hence promoting Puntland's sustainable growth