Mental health plays an important role for individuals to have an adequate level of sanity in thinking and making decision. Thus, individuals with mental health problems will be easily disturbed and emotionally weak in coping up with daily issues related to money. While reports have shown the important roles of social support to the society during economic crisis, how a person copes with the changes and their influence to the mental health in Malaysia still requires a better understanding. Therefore, built on the justice theory, the study attempts to examine the roles of financial stress, financial behaviour and financial wellbeing in explaining for one’s ability to be mentally healthy. A total of 423 usable data gathered from working adults were analysed for both the measurement and structural models. The findings indicate significant relationships between the financial stress, wellbeing and behaviour towards mental health. Thus, it could be concluded financial stress, financial behaviour and financial wellbeing are important in determining one’s ability to be able to cope with financial challenges.
Alappatt, M., Shaikh, J. M. J. I. I. B. M., & Economics. (2014). Forthcoming procedure of goods and service tax (GST) in Malaysia. 2(12), 210-213.
Aytaç, I. A., Rankin, B. H., & ?bikoglu, A. J. S. I. R. (2015). The social impact of the 2008 global economic crisis on neighborhoods, households, and individuals in Turkey. 124(1), 1-19.
Balakrishnan, R., Danninger, S., Elekdag, S., Tytell, I. J. E. M. F., & Trade. (2011). The transmission of financial stress from advanced to emerging economies. 47(sup2), 40-68.
Brüggen, E. C., Hogreve, J., Holmlund, M., Kabadayi, S., & Lofgren, M. J. J. O. B. R. (2017). Financial well-being: A conceptualization and research agenda. 79, 228-237.
Bureau, C. F. P. J. R., Iowa City, IA: Consumer Financial Protection Bureau. (2015). Financial well-being: The goal of financial education.
Córdoba-Doña, J. A., Escolar-Pujolar, A., San Sebastián, M., & Gustafsson, P. E. J. B. P. h. (2016). How are the employed and unemployed affected by the economic crisis in Spain? Educational inequalities, life conditions and mental health in a context of high unemployment. 16(1), 267.
Fener, T., Cevik, T. J. P. E., & Finance. (2015). Leadership in Crisis Management: Separation of Leadership and Executive Concepts. 26, 695-701.
Fernandes, D., Lynch, Jr, J. G., & Netemeyer, R. G. J. M. S. (2014). Financial literacy, financial education, and downstream financial behaviors. 60(8), 1861-1883.
Frasquilho, D., Matos, D. M., Marques, A., Gaspar, T., & Caldas-De-Almeida, J. J. P. H. (2017). Factors affecting the well-being of adolescents living with unemployed parents in times of economic recession: findings from the Portuguese HBSC study. 143, 17-24.
Hair, J. F., Black, W. C., Babin, B. J., Anderson, R. E., & Tatham, R. L. (2006). Multivariate data analysis (6th ed.). Upper Saddle River, N.J.: Pearson Prentice Hall.
Hausman, A., & Johnston, W. J. (2014). Timeline of a financial crisis: Introduction to the special issue. In: Elsevier.
Hayhoe, C. R., Leach, L. J., Turner, P. R., Bruin, M. J., & Lawrence, F. C. (2000). Differences in spending habits and credit use of college students. Journal of Consumer Affairs, 34(1), 113-133.
Houben, M., Noortgate, V. D. W., & Kuppens, P. J. P. B. (2015). The relation between short-term emotion dynamics and psychological well-being: A meta-analysis. 141(4), 901. https://www.nst.com.my/lifestyle/
Jaafar, S. N., Lalp, P. E., Naba, M. M. J. A. J. O. B., & Sciences, M. (2012). Consumers’ perceptions, attitudes and purchase intention towards private label food products in Malaysia. 2(8), 73-90.
Kim, J., Garman, E. T., & Sorhaindo, B. (2003). Relationships among credit counseling clients' financial wellbeing, financial behaviors, financial stressor events, and health. Journal of Financial Counseling and Planning, 14(2).
Kline, R. B.(2004). Principles and practice of structural equation modeling, New York: Guildford.
Lees, M. J. (2016). When it comes to behaviour, isn’t it time for young people to be seen and heard. Middlesex University,
Lusardi, A., & Mitchell, O. S. J. J. O. E. l. (2014). The economic importance of financial literacy: Theory and evidence. 52(1), 5-44.
Nadia, B. (2018). Tackling mental health issues in young people. Retrived from https://www.nst.com.my/lifestyle/heal/2018/01/327953/tackling-mental-health-issues-young-people
Pallant, J. (2011). For the SPSS Survival Manual: A step by Step Guide to Data Analysis using IBM SPSS (6th ed). New York: Mc Graw Hill Education.
Prawitz, A. D., Kalkowski, J. C., Cohart, J. J. J. O. F., & Issues, E. (2013). Responses to economic pressure by low-income families: Financial distress and hopefulness. 34(1), 29-40.
Ramayah, T., Cheah, J., Chuah, F., Ting, H., and Memon, M. A. (2018). Partial Least Squares Structural Equation Modeling (PLS-SEM) using SmartPLS 3.0: An Updated Guide. Kuala Lumpur:Pearson Malaysia Sdn. Bhd.
Santiago, C. D., Wadsworth, M. E., & Stump, J. J. J. O. E. P. (2011). Socioeconomic status, neig
In-Text Citation: (Hassan, Kassim, & Maon, 2019)
To Cite this Article: Hassan, N. M., Kassim, E. S., & Maon, S. N. (2019). Financial Influences and Mental Health: An Exploratory Study. International Journal of Academic Research in Business and Social Sciences, 9(7), 398–409.
Copyright: © 2019 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode
