ACCI Conference 2024

This study investigates the relationship between variables of financial well-being and overall life satisfaction during the COVID-19 pandemic. Specifically, the study investigated the relationship between financial self-efficacy, financial stability, and life satisfaction. In this study, a mediation analysis was conducted using a Hayes Process Model 4. The unique data consists of 3,570 responses from predominately low- to moderate-income families and people of color. The survey data was collected online via Qualtrics from November 17 – December 15, 2021. The results show that financial stability partially mediates the relationship between financial self-efficacy and life satisfaction.

Author(s): Joshua Diaz, Soo Hyun Cho