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http://dx.doi.org/10.15268/ksim.2020.8.3.163

The Effects of Economic Anxiety and Self-Efficacy on the Financial Stress of Middle-Aged Male  

Lim, Sunyoung (Dept. of Nursing, Baekseok Culture University)
Park, Hyesun (Dept. of Nursing, Graduate school of Chung-Ang University)
Publication Information
Journal of The Korean Society of Integrative Medicine / v.8, no.3, 2020 , pp. 163-172 More about this Journal
Abstract
Purpose : The purpose of this study was to investigate economic anxiety, self-efficacy, and financial stress levels in middle-aged male and identify factors affecting financial stress and provide baseline data for the development of nursing interventions to reduce financial stress in middle-aged male. Methods : Participants were 91 middle-aged male who live in Seoul and Gyeonggi Province. The data collection period was from April 1, 2020, to May 1. In this study, the questionnaire of economic anxiety, self-efficiency, financial stress was used. The data were analyzed by average, standard deviation, minimum, maximum correlation and regression using SPSS version 21.0. Results : In this study, the financial stress of middle-aged male affected economic anxiety with significant results (β=.628, p<.001). The absolute model's explanatory power was 36.8 % (adjusted R2=.368), indicating that economic anxiety affects financial stress levels in middle-aged male (F=27.151, p<.001). Conclusion : This study shows that economic anxiety affects financial stress. Based on the research results, basic data for the development and application of nursing programs to reduce financial stress were presented in consideration of the economic anxiety of middle-aged males. Therefore, there is a need for mediation to help middle-aged men positively recognize real-life situations and changes in society. Such mediation involves the development and application of educational and counseling programs that can reduce financial stress and economic anxiety in middle-aged men.
Keywords
economic anxiety; financial stress; middle-aged male; self-efficiency;
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