Volume 23, Issue 1 (4-2024)
TB 2024, 23(1): 98-108 |
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Research code: A-10-3157-1
Ethics code: IR.IAU.YAZD.REC.1402.065
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Tabatabaei Mazreno S J, Moinuddin M, Taftian A. Investigating the relationship between financial literacy and mental health with the mediating role of financial stress and financial behavior in second year high school students in Yazd city. TB 2024; 23 (1) :98-108
URL: http://tbj.ssu.ac.ir/article-1-3614-en.html
URL: http://tbj.ssu.ac.ir/article-1-3614-en.html
University, Yazd , Mahmoudmoein@iauyazd.ac.ir
Keywords: students’ financial literacy, students’ mental health, students’ financial stress, students’ financial behavior
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Investigating the relationship between financial literacy and mental health with the mediating role of financial stress and financial behavior in second year high school students in Yazd city
Seyed Jamalodin Tabatabaei(Ph.D.s)1,Mahmood Moeinadin(Ph.D.)2,Akram Taftian(Ph.D.)3
1.PhD student of accounting department, Yazd branch, Islamic Azad University, Yazd, Iran.
2.Associate Professor, Department of Accounting, Yazd Branch, Islamic Azad University, Yazd, Iran.
3.Assistant Professor, Department of Accounting, Yazd Branch, Islamic Azad University, Yazd, Iran.
Abstract
Introduction: Financial literacy affects physical and mental health, and a person acquires enough skills to participate in economic fields. This study investigated the relationship between financial literacy and mental health with the mediating role of financial stress and financial behavior in senior high students in Yazd city.
Method: The method of data collection is field- and library-based. It is also considered to be a survey in terms of strategy and descriptive in terms of goals. The statistical population included all the senior-high students in Yazd city in 2023. Using Cochran's formula, 384 people were selected, and the questionnaire of Parsia and Stimo (2022) was randomly distributed among them, and the data were analyzed through structural equation modeling
Findings: According to the findings of this research, financial literacy leads to the improvement of financial behavior and plays a significant role in creating correct financial behavior; on the other hand, increasing financial literacy can improve mental health, and there is an inverse relationship between financial literacy and financial stress. Finally, financial literacy can lead to mental health of students by influencing their financial behavior, positive financial behavior will lead to financial satisfaction, and financial literacy will improve the mental health of senior-high students by reducing their amount of financial stress.
Conclusion: Since financial literacy training has a significant effect on mental health, improving financial behavior and reducing stress, therefore, improves financial literacy in students and will reduce their anxiety.
Keywords: students’ financial literacy, students’ mental health, students’ financial stress, students’ financial behavior
References
1-Shahrestani S, Yazdani F, Meimand M. Investigating the effect of financial literacy, financial stress and financial self-efficacy on financial health. Perspective of Accounting and Management Course 2023; 82, pp. 78-93
2-Abaspoor N, Hatami J, Sadeghzade ghamsari A & et al. Designing and validating the optimal model of the financial literacy curriculum for first-year high school students. Research in Curriculum Planning 2011; 44: 61-78
3-Zhang Y, Chatterjee S.Financial Well-Being in the United States: The Roles of Financial Literacy and Financial Stress. Sustainability , 2023;15(5), 4505.
4-Kayani P, Motaghi Mi and Qudousi A. examining the relationship between financial misconduct and mental health in the elderly who refer to Shahrekord health centers 2018; Salemand(2) : 212-223.
5-Zamani Harooni M, Aflaki Fard H. Investigating the effect of problems, situation and financial stress on the mental health of elementary school students: a case study of an elementary school in Abarkoh city.The first international conference of psychology, social sciences, educational sciences and philosophy, Babol 2018.
6-Guan N. Financial literacy and mental health . Doctoral dissertation, University of Birmingham 2023.
7-Parcia RO, Estimo ET. Employees’ financial literacy, behavior, stress and wellness. Journal of Human Resource Management. 2017;5(5):78-89.
8-Farrokh Bakht F, Ahmadzadeh A. the relationship between financial literacy and employee well-being according to the role of financial self-efficacy (case study: financial employees of medical sciences in Gilan province, New Research Approaches in Management and Accounting Quarterly 2020; 2(83): 124-163.
9-West T, Cull M, & Johnson D. Income more important than financial literacy for improving wellbeing. Financial Services Review 2021; 29(3): 187-207.
Seyed Jamalodin Tabatabaei(Ph.D.s)1,Mahmood Moeinadin(Ph.D.)2,Akram Taftian(Ph.D.)3
1.PhD student of accounting department, Yazd branch, Islamic Azad University, Yazd, Iran.
2.Associate Professor, Department of Accounting, Yazd Branch, Islamic Azad University, Yazd, Iran.
3.Assistant Professor, Department of Accounting, Yazd Branch, Islamic Azad University, Yazd, Iran.
Abstract
Introduction: Financial literacy affects physical and mental health, and a person acquires enough skills to participate in economic fields. This study investigated the relationship between financial literacy and mental health with the mediating role of financial stress and financial behavior in senior high students in Yazd city.
Method: The method of data collection is field- and library-based. It is also considered to be a survey in terms of strategy and descriptive in terms of goals. The statistical population included all the senior-high students in Yazd city in 2023. Using Cochran's formula, 384 people were selected, and the questionnaire of Parsia and Stimo (2022) was randomly distributed among them, and the data were analyzed through structural equation modeling
Findings: According to the findings of this research, financial literacy leads to the improvement of financial behavior and plays a significant role in creating correct financial behavior; on the other hand, increasing financial literacy can improve mental health, and there is an inverse relationship between financial literacy and financial stress. Finally, financial literacy can lead to mental health of students by influencing their financial behavior, positive financial behavior will lead to financial satisfaction, and financial literacy will improve the mental health of senior-high students by reducing their amount of financial stress.
Conclusion: Since financial literacy training has a significant effect on mental health, improving financial behavior and reducing stress, therefore, improves financial literacy in students and will reduce their anxiety.
Keywords: students’ financial literacy, students’ mental health, students’ financial stress, students’ financial behavior
References
1-Shahrestani S, Yazdani F, Meimand M. Investigating the effect of financial literacy, financial stress and financial self-efficacy on financial health. Perspective of Accounting and Management Course 2023; 82, pp. 78-93
2-Abaspoor N, Hatami J, Sadeghzade ghamsari A & et al. Designing and validating the optimal model of the financial literacy curriculum for first-year high school students. Research in Curriculum Planning 2011; 44: 61-78
3-Zhang Y, Chatterjee S.Financial Well-Being in the United States: The Roles of Financial Literacy and Financial Stress. Sustainability , 2023;15(5), 4505.
4-Kayani P, Motaghi Mi and Qudousi A. examining the relationship between financial misconduct and mental health in the elderly who refer to Shahrekord health centers 2018; Salemand(2) : 212-223.
5-Zamani Harooni M, Aflaki Fard H. Investigating the effect of problems, situation and financial stress on the mental health of elementary school students: a case study of an elementary school in Abarkoh city.The first international conference of psychology, social sciences, educational sciences and philosophy, Babol 2018.
6-Guan N. Financial literacy and mental health . Doctoral dissertation, University of Birmingham 2023.
7-Parcia RO, Estimo ET. Employees’ financial literacy, behavior, stress and wellness. Journal of Human Resource Management. 2017;5(5):78-89.
8-Farrokh Bakht F, Ahmadzadeh A. the relationship between financial literacy and employee well-being according to the role of financial self-efficacy (case study: financial employees of medical sciences in Gilan province, New Research Approaches in Management and Accounting Quarterly 2020; 2(83): 124-163.
9-West T, Cull M, & Johnson D. Income more important than financial literacy for improving wellbeing. Financial Services Review 2021; 29(3): 187-207.
Type of Study: Research |
Subject:
General
Received: 2023/12/23 | Accepted: 2024/03/2 | Published: 2024/04/27
Received: 2023/12/23 | Accepted: 2024/03/2 | Published: 2024/04/27
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