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Emotions related to time use in financial activities: Affective patterns in the US

Author

Listed:
  • J. Ignacio Giménez-Nadal

    (University of Zaragoza)

  • José Alberto Molina

    (Departamento de Análisis Económico, Universidad de Zaragoza)

  • Jing Jian Xiao

    (University of Rhode Island, Kingston)

Abstract

This study examines how individuals in the US allocate time to financial activities and how these activities relate to their well-being. Using data from the American Time Use Survey (ATUS), we find that financial tasks occupy a minimal share of daily time—averaging just 8.3 minutes— yet are associated with elevated stress and low happiness. Despite their negative emotional valence, financial activities are perceived as meaningful. Regression analyses reveal that time spent on financial tasks increases with education and income, and varies by gender, employment status, and race. Fur- thermore, affective experiences during financial activities differ significantly across sociodemographic lines: men and older individuals report more negative emotions, while higher education is linked to improved emotional outcomes. These findings allows us to test several hypothesis proposed in previous finantial research, and highlight the cognitive and emotional demands of everyday financial management.

Suggested Citation

  • J. Ignacio Giménez-Nadal & José Alberto Molina & Jing Jian Xiao, 2025. "Emotions related to time use in financial activities: Affective patterns in the US," Boston College Working Papers in Economics 1089, Boston College Department of Economics.
    • Handle: RePEc:boc:bocoec:1089
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    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance

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