Money Matters: Recommendations for Financial Stress Research in Occupational Health Psychology

Stress Health. 2016 Aug;32(3):181-93. doi: 10.1002/smi.2688. Epub 2016 Jul 12.

Abstract

Money is arguably the most important resource derived from work and the most important source of stress for contemporary employees. A substantial body of research supports the relationship between access to financial resources and health and well-being, both at individual and aggregated (e.g. national) levels of analysis. Yet, surprisingly little occupational health psychology research has paid attention to financial issues experienced specifically by those in the labour force. With these issues in mind, the overarching goal of the present paper was to address conceptual and measurement issues in the study of objective and subjective aspects of financial stress and review several assessment options available to occupational health psychology researchers for both aspects of financial stress. Where appropriate, we offer guidance to researchers about choices among various financial stress measures and identify issues that require further research attention. Copyright © 2016 John Wiley & Sons, Ltd.

Keywords: economic status; economic stress; financial strain; income; occupational health.

Publication types

  • Review

MeSH terms

  • Behavioral Medicine / methods*
  • Employment / psychology*
  • Humans
  • Income*
  • Occupational Health*
  • Stress, Psychological / diagnosis*
  • Stress, Psychological / etiology
  • Stress, Psychological / psychology