TY - JOUR
T1 - On the Relation Between Over-Indebtedness and Well-Being
T2 - An Analysis of the Mechanisms Influencing Health, Sleep, Life Satisfaction, and Emotional Well-Being
AU - Ferreira, Mário B.
AU - de Almeida, Filipa
AU - Soro, Jerônimo C.
AU - Herter, Márcia Maurer
AU - Pinto, Diego Costa
AU - Silva, Carla Sofia
N1 - info:eu-repo/grantAgreement/FCT/3599-PPCDT/DSAIPA%2FDS%2F0113%2F2019/PT#
Ferreira, M. B., de Almeida, F., Soro, J. C., Herter, M. M., Pinto, D. C., & Silva, C. S. (2021). On the Relation Between Over-Indebtedness and Well-Being: An Analysis of the Mechanisms Influencing Health, Sleep, Life Satisfaction, and Emotional Well-Being. Frontiers in Psychology, 12, 1-14. [591875]. https://doi.org/10.3389/fpsyg.2021.591875 ---%ABS1%
PY - 2021/4/29
Y1 - 2021/4/29
N2 - This paper aims to explore the association between over-indebtedness and two facets of well-being – life satisfaction and emotional well-being. Although prior research has associated over-indebtedness with lower life satisfaction, this study contributes to the extant literature by revealing its effects on emotional well-being, which is a crucial component of well-being that has received less attention. Besides subjective well-being (SWB), reported health, and sleep quality were also assessed. The findings suggest that over-indebted (compared to non-over-indebted) consumers have lower life satisfaction and emotional well-being, as well as poorer (reported) health and sleep quality. Furthermore, over-indebtedness impacts life satisfaction and emotional well-being through different mechanisms. Consumers decreased perceived control accounts for the impact of over-indebtedness on both facets of well-being (as well as on reported health and sleep). Financial well-being (a specific component of life satisfaction), partly mediates the impact of indebtedness status on overall life satisfaction. The current study contributes to research focusing on the relationship between indebtedness, well-being, health, and sleep quality, and provides relevant theoretical and practical implications.
AB - This paper aims to explore the association between over-indebtedness and two facets of well-being – life satisfaction and emotional well-being. Although prior research has associated over-indebtedness with lower life satisfaction, this study contributes to the extant literature by revealing its effects on emotional well-being, which is a crucial component of well-being that has received less attention. Besides subjective well-being (SWB), reported health, and sleep quality were also assessed. The findings suggest that over-indebted (compared to non-over-indebted) consumers have lower life satisfaction and emotional well-being, as well as poorer (reported) health and sleep quality. Furthermore, over-indebtedness impacts life satisfaction and emotional well-being through different mechanisms. Consumers decreased perceived control accounts for the impact of over-indebtedness on both facets of well-being (as well as on reported health and sleep). Financial well-being (a specific component of life satisfaction), partly mediates the impact of indebtedness status on overall life satisfaction. The current study contributes to research focusing on the relationship between indebtedness, well-being, health, and sleep quality, and provides relevant theoretical and practical implications.
KW - debt
KW - life satisfaction
KW - net affect
KW - over-indebtedness
KW - subjective well-being
UR - http://www.scopus.com/inward/record.url?scp=85105912393&partnerID=8YFLogxK
UR - http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=Alerting&SrcApp=Alerting&DestApp=WOS_CPL&DestLinkType=FullRecord&UT=WOS:000649763300001
U2 - 10.3389/fpsyg.2021.591875
DO - 10.3389/fpsyg.2021.591875
M3 - Article
AN - SCOPUS:85105912393
SN - 1664-1078
VL - 12
SP - 1
EP - 14
JO - Frontiers in Psychology
JF - Frontiers in Psychology
M1 - 591875
ER -