Projectdetails
!!Description
In the Netherlands alone, 590.000 households have incomes too low to cover all basic needs, and regularly forego on needs such as heating their house or buying clothing. These people have ‘money on their mind’. We aim to (1) examine the extent to which financial worry is “dynamic”, that is, the extent to which financial worry changes over time within individuals, for instance from week-to-week; (2) examine how intraindividual changes in financial worry associate with intraindividual changes in personal well-being, social and human capital, and labour market behaviour (3) identify moderating factors that mitigate the negative effects of financial worry; that is, factors that may offset the deleterious effects of financial worry and eventually help in breaking the poverty cycle. We will conduct bi-weekly surveys of individuals with various backgrounds, in three countries, to examine the within-person associations between financial worry and the various outcome variables. In addition, we will test the cross-level interaction hypothesis that the effects of financial worry (within-person) depend on personality, community and organizational support, and culture (between-person). This will be the first study that investigates why the detrimental effects of financial distress are reinforced over time. Our longitudinal design allows the investigation of the often cited but rarely tested cyclical (or spiraling) effect of poverty, and short-term effects that play out within rather than between individuals. The results of our research can have implications for individuals in financially precarious situations (consumers) and the stakeholders in public sector policymaking, practitioners and private sector (financial) institutions.
Acroniem | AIIFUND55 |
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Status | Geëindigd |
Effectieve start/einddatum | 1/02/20 → 1/12/21 |
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