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Welcome to the 2017 AFS Annual Meeing, being held this year, in conjunction with FPA in Nashville!
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Sunday, October 1 • 8:00am - 8:50am
A3b Multidimensional Financial Stress: Scale Development and Relationship with Personality Traits

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Despite the importance of financial stress in financial planning and financial services industry, there has not been much attention to attempt defining the financial stress in a comprehensive way. To address this gap two major goals of this study were; (a) development of financial stress scale and (b) investigation of associated personality factors with financial stress. By employing a comprehensive financial stress definition, this study demonstrated the development of a new, 24-item scale for measuring financial stress. This study found that income level and some personal traits (i.e., extraversion, neuroticism, and openness) are significantly associated with financial stress level.

Author(s): Wookjae Heo, Ph.D., Soo Hyun Cho, Phil Seok Lee, Ph.D.

Presenters
WH

Wookjae Heo

Assistant Professor, South Dakota State University


Sunday October 1, 2017 8:00am - 8:50am
Mockingbird 3

Attendees (3)