IDEAS home Printed from https://ideas.repec.org/a/spr/chinre/v14y2021i2d10.1007_s12187-020-09779-9.html
   My bibliography  Save this article

Financial Stress and Subjective Wellbeing among Children -Evidence from Finland

Author

Listed:
  • Marja Lindberg

    (Åbo Akademi)

  • Mikael Nygård

    (Åbo Akademi)

  • Fredrica Nyqvist

    (Åbo Akademi)

  • Mia Hakovirta

    (University of Turku)

Abstract

In this article we analyse how subjective wellbeing amongst Finnish children is associated with experiences of financial stress, that is, worries about money and one’s financial situation. We focus on both affective and cognitive components of subjective wellbeing in order to receive a broader understanding on children’s subjective wellbeing. We use Finnish data from the International survey of children’s lives conducted by the Children’s Worlds Project during the years 2013–2014. The results show that experienced financial stress is negatively and more strongly associated with cognitive subjective wellbeing than with affective subjective wellbeing, even when controlling for socioeconomic and other factors found to be influential for subjective wellbeing in previous research.

Suggested Citation

  • Marja Lindberg & Mikael Nygård & Fredrica Nyqvist & Mia Hakovirta, 2021. "Financial Stress and Subjective Wellbeing among Children -Evidence from Finland," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 14(2), pages 799-819, April.
    • Handle: RePEc:spr:chinre:v:14:y:2021:i:2:d:10.1007_s12187-020-09779-9
    DOI: 10.1007/s12187-020-09779-9
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s12187-020-09779-9
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s12187-020-09779-9?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Bruno Martorano & Luisa Natali & Chris De Neubourg & Jonathan Bradshaw, 2013. "Children’s Subjective Well-being in Rich Countries," Papers inwopa686, Innocenti Working Papers.
    2. Ed Diener & Eunkook Suh, 1997. "Measuring Quality Of Life: Economic, Social, And Subjective Indicators," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 40(1), pages 189-216, January.
    3. Gonzalo Fanjul, 2014. "Children of the Recession: The impact of the economic crisis on child well-being in rich countries," Papers inreca733, Innocenti Report Card.
    4. Gill Main, 2019. "Money Matters: a Nuanced Approach to Understanding the Relationship between Household Income and Child Subjective Well-Being," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 12(4), pages 1125-1145, August.
    5. Crous, Gemma, 2017. "Child psychological well-being and its associations with material deprivation and type of home," Children and Youth Services Review, Elsevier, vol. 80(C), pages 88-95.
    6. Main, Gill & Montserrat, Carme & Andresen, Sabine & Bradshaw, Jonathan & Lee, Bong Joo, 2019. "Inequality, material well-being, and subjective well-being: Exploring associations for children across 15 diverse countries," Children and Youth Services Review, Elsevier, vol. 97(C), pages 3-13.
    7. Anika Schenck-Fontaine & Lidia Panico, 2019. "Many Kinds of Poverty: Three Dimensions of Economic Hardship, Their Combinations, and Children’s Behavior Problems," Demography, Springer;Population Association of America (PAA), vol. 56(6), pages 2279-2305, December.
    8. Bradshaw, Jonathan & Keung, Antonia & Rees, Gwyther & Goswami, Haridhan, 2011. "Children's subjective well-being: International comparative perspectives," Children and Youth Services Review, Elsevier, vol. 33(4), pages 548-556, April.
    9. R. M. Tomlinson & L. Keyfitz & J. S. Rawana & M. N. Lumley, 2017. "Unique Contributions of Positive Schemas for Understanding Child and Adolescent Life Satisfaction and Happiness," Journal of Happiness Studies, Springer, vol. 18(5), pages 1255-1274, October.
    10. Tamar Dinisman & Asher Ben-Arieh, 2016. "The Characteristics of Children’s Subjective Well-Being," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 126(2), pages 555-569, March.
    11. Leena Haanpää & Mirka Kuula & Mia Hakovirta, 2019. "Social Relationships, Child Poverty, and Children’s Life Satisfaction," Social Sciences, MDPI, vol. 8(2), pages 1-13, January.
    12. Bradshaw, Jonathan & Rees, Gwyther, 2017. "Exploring national variations in child subjective well-being," Children and Youth Services Review, Elsevier, vol. 80(C), pages 3-14.
    13. Rich Gilman & E. Huebner & James Laughlin, 2000. "A First Study of the Multidimensional Students’ Life Satisfaction Scale with Adolescents," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 52(2), pages 135-160, November.
    14. Daniel Kardefelt Winther & UNICEF Office of Research - Innocenti, 2017. "How Does The Time Children Spend Using Digital Technology Impact Their Mental Well-Being, Social Relationships And Physical Activity? An Evidence-Focused Literature Review," Papers indipa925, Innocenti Discussion Papers.
    15. Mikael Nygård & Marja Lindberg & Fredrica Nyqvist & Camilla Härtull, 2019. "The Role of Cash Benefit and In-Kind Benefit Spending for Child Poverty in Times of Austerity: An Analysis of 22 European Countries 2006–2015," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 146(3), pages 533-552, December.
    16. Ferran Casas, 2017. "Analysing the Comparability of 3 Multi-Item Subjective Well-Being Psychometric Scales Among 15 Countries Using Samples of 10 and 12-Year-Olds," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 10(2), pages 297-330, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yun Hwa Jung & Soo Young Kim & Sung-In Jang & Eun-Cheol Park & Jaeyong Shin & Junghwan Suh, 2022. "Association between the Perceived Household Financial Decline Due to COVID-19 and Smartphone Dependency among Korean Adolescents," IJERPH, MDPI, vol. 19(6), pages 1-13, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yipeng Tang, 2019. "Immigration Status and Adolescent Life Satisfaction: An International Comparative Analysis Based on PISA 2015," Journal of Happiness Studies, Springer, vol. 20(5), pages 1499-1518, June.
    2. Cho, Esther Yin-Nei & Yu, Fuk-Yuen, 2020. "A review of measurement tools for child wellbeing," Children and Youth Services Review, Elsevier, vol. 119(C).
    3. Loreto Ditzel & Ferran Casas & Javier Torres-Vallejos & Alejandra Villarroel, 2022. "The Subjective Well-Being of Chilean Children Living in Conditions of High Social Vulnerability," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 17(3), pages 1639-1660, June.
    4. Shazly Savahl & Sabirah Adams & Ferran Casas & Maria Florence, 2023. "Children’s Interactions with Family and Friends in Constrained Contexts: Considerations for Children’s Subjective Well-Being," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 18(1), pages 321-339, February.
    5. Shan Jiang & Lin Wang & Yuhang Cheng, 2023. "Unrevealing the Mediating Mechanisms Between Material Deprivation and Children’s Life Satisfaction: Empirical Evidence from the International Survey of Children’s Well-Being," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 18(2), pages 893-914, April.
    6. Mari Barrance, Rhian & May Hampton, Jennifer, 2023. "The relationship between subjective well-being in school and children’s participation rights: International evidence from the Children’s Worlds survey," Children and Youth Services Review, Elsevier, vol. 151(C).
    7. Daphna Gross-Manos & Jonathan Bradshaw, 2022. "The Association Between the Material Well-Being and the Subjective Well-Being of Children in 35 Countries," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 15(1), pages 1-33, February.
    8. Chen, Ke-Mei, 2020. "Subjective poverty, deprivation, and the subjective well-being of children and young people: A multilevel growth curve analysis in Taiwan," Children and Youth Services Review, Elsevier, vol. 114(C).
    9. Noam Tarshish, 2020. "Children’s Multidimensional Subjective Well-Being in OECD and Non-OECD Countries: Is Cross-Country Comparison Possible?," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 13(1), pages 51-66, February.
    10. Sabolova, Klara & Birdsey, Nicola & Stuart-Hamilton, Ian & Cousins, Alecia L., 2020. "A cross-cultural exploration of children’s perceptions of wellbeing: Understanding protective and risk factors," Children and Youth Services Review, Elsevier, vol. 110(C).
    11. Kyoungmi Park & Shun Wang, 2019. "Youth Activities and Children’s Subjective Well-Being in Korea," Journal of Happiness Studies, Springer, vol. 20(7), pages 2351-2365, October.
    12. Almudena Moreno Mínguez, 2017. "The Role of Family Policy in Explaining the International Variation in Child Subjective Well-Being," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 134(3), pages 1173-1194, December.
    13. Ana Loreto Ditzel & Yuli Ketain Meiri & Ferran Casas & Asher Ben-Arieh & Javier Torres-Vallejos, 2023. "Satisfaction with the Neighborhood of Israeli and Chilean Children and its Effects on their Subjective Well-being," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 16(2), pages 863-895, April.
    14. Mari Corominas & Mònica González-Carrasco & Ferran Casas, 2020. "The Importance of Feeling Adequately Heard by Adults and Enjoying Time with Family in Relation to Children’s Subjective Well-Being," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 13(1), pages 193-214, February.
    15. Saswati Das & Diganta Mukherjee, 2023. "Multidimensional Deprivation from Children’s Perspectives: A Cross-National Comparative Analysis," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 16(3), pages 1097-1136, June.
    16. Melissa Lopez Reyes, 2019. "Cultural Moderators of the Influence of Environmental Affordances and Provisions on Children’s Subjective Well-Being," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 12(1), pages 71-98, February.
    17. Main, Gill & Montserrat, Carme & Andresen, Sabine & Bradshaw, Jonathan & Lee, Bong Joo, 2019. "Inequality, material well-being, and subjective well-being: Exploring associations for children across 15 diverse countries," Children and Youth Services Review, Elsevier, vol. 97(C), pages 3-13.
    18. Jorge J. Varela & Shazly Savahl & Sabirah Adams & Fernando Reyes, 2020. "Examining the Relationship Among Bullying, School Climate and Adolescent Well-Being in Chile and South Africa: a Cross Cultural Comparison," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 13(3), pages 819-838, June.
    19. Jose Marquez & Joanna Inchley & Emily Long, 2022. "Cross-Country and Gender Differences in Factors Associated with Population-Level Declines in Adolescent Life Satisfaction," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 15(4), pages 1405-1428, August.
    20. Shazly Savahl & Sabirah Adams & Phadiel Hoosen, 2024. "Children’s Experiences of Bullying Victimization and the Influence on Their Subjective Well-Being: a Population-Based Study," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 17(1), pages 1-29, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:chinre:v:14:y:2021:i:2:d:10.1007_s12187-020-09779-9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.