Financial threats are defined as fearful uncertainties regarding current and future financial situations. The purpose of this research is to test the theoretical model of the relationship between financial threats to psychological distress and individual willingness to change their financial behavior. Consistent across samples, SEM-PLS modeling revealed that the data fit the model and supported all four hypotheses. Positive financial threat with willingness to change, job search, and psychological stress. The practical implications of the findings are discussed.
Copyrights © 2023