Financial Anxiety during COVID-19: How do Parents with Young Children Cope with the Crisis?
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Financial Anxiety during COVID-19: How do Parents with Young Children Cope with the Crisis?
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2022
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Given the uncertainty surrounding the duration and impact of COVID-19, there is clear evidence that suggests an increase in anxiety symptoms in the U.S. and around the world is perhaps unsurprising (Fitzpatrick et al., 2020; Marchetti et al., 2020). This study examines the financial anxiety of young parents with children between the ages of 3 to 8 years old during the COVID-19 global pandemic. More specifically, the authors examined predictors of financial anxiety, including parental-, child-, financial-, COVID-, and general mental health- factors using hierarchical regression with data collected during the pandemic from 376 parents. Results indicated that parental factors, financial adjustment, COVID-19 factors, stimulus checks, and general anxiety contributed significantly to impacts on financial anxiety.
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This research has been selected to receive the 2021 AFCPE® Student Symposium Scholarship, funded by AFCPE Membership Donations
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Li, Yiting; Zuiker, Virginia S.; Zhou, Xiang. (2022). Financial Anxiety during COVID-19: How do Parents with Young Children Cope with the Crisis?. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/226957.
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