Descriptive statistics
| Descriptive statistics of constructs | Mean | Std. deviation |
|---|---|---|
| Financial knowledge | ||
| How would you rate your level of financial knowledge | 4.88 | 1.31 |
| Financial attitude | ||
| Individuals should concentrate on the present when managing their finances | 5.16 | 2.06 |
| Financial planning for retirement is not necessary for assuring one's security during old age | 5.69 | 1.84 |
| Having a financial plan makes it difficult to make financial investment decisions | 5.65 | 1.89 |
| Having a savings plan is not really necessary in today's world in order to meet one's financial needs | 5.61 | 1.86 |
| It is really essential to plan for the possible disability of a family wage earner | 5.82 | 1.61 |
| Planning is unnecessary distraction when individuals are just trying to get by today | 5.62 | 1.69 |
| Keeping records of financial matters is too time-consuming to worry about | 6.00 | 1.69 |
| Saving is not really important | 4.30 | 1.67 |
| It is important for an individual to develop a regular pattern of savings and stick to it | 4.71 | 2.28 |
| Thinking about where you will be financially in 5 or 10 years in the future is essential for financial success | 4.86 | 2.22 |
| Overall mean | 5.34 | |
| Financial management | ||
| I always pay bills before the due date | 4.00 | 1.89 |
| I always read the details of my bills to compare monthly usage or rate changes | 4.73 | 2.06 |
| I normally budget my monthly expenses | 4.92 | 1.85 |
| I keep track of my expenses | 4.97 | 1.76 |
| Before I buy something, I carefully consider whether I can afford it | 5.35 | 1.76 |
| On any day, I would know how much money I have to meet the daily living costs | 4.94 | 1.72 |
| I save money for retirement | 5.21 | 1.92 |
| My monthly pension contribution is sufficient for my retirement days | 3.72 | 1.93 |
| At any time, I have some money saved for emergencies | 4.94 | 1.77 |
| I ensure that with every pay, I would save some | 5.12 | 1.77 |
| I plan for long-term goals including children's education fund, houses and vehicles | 5.00 | 1.86 |
| My insurance coverage is sufficient to meet costs related to emergency events | 3.73 | 1.88 |
| I actively invest in shares | 3.34 | 2.04 |
| I have the right estate properties for my needs | 3.56 | 1.98 |
| I have proper estate planning for my heirs | 3.88 | 1.94 |
| I am currently following my long-term financial plan | 4.65 | 1.80 |
| Overall mean | 4.50 | |
| Financial satisfaction | ||
| I am satisfied with my current financial situation | 3.45 | 1.75 |
| I can do little to improve my current financial situation | 3.57 | 1.82 |
| I rarely run short of money | 4.14 | 1.73 |
| Sometimes I feel that my income does not quite cover my living costs | 3.55 | 1.79 |
| If I had a major loss of income, I could manage for a period of time (e.g. for 3 months) | 4.25 | 1.82 |
| Based on my current financial situation, I could easily obtain a loan if I needed one | 4.23 | 1.99 |
| Overall mean | 3.86 | |
| Psychological wellbeing | ||
| Frequent headaches | 5.42 | 1.69 |
| Feeling low in energy or slowed down | 5.00 | 1.64 |
| Difficulty in making decisions | 4.97 | 1.70 |
| Your mind going blind | 5.26 | 1.67 |
| Trouble concentrating | 4.88 | 1.73 |
| Feeling easily annoyed or irritated | 4.72 | 1.88 |
| Temper outburst you could not control | 4.88 | 1.89 |
| Suddenly scared for no reason | 4.94 | 1.91 |
| Poor appetite | 4.94 | 1.87 |
| Crying easily | 5.05 | 2.04 |
| Overall mean | 5.01 | |
| Descriptive statistics of constructs | Mean | Std. deviation |
|---|---|---|
| How would you rate your level of financial knowledge | 4.88 | 1.31 |
| Individuals should concentrate on the present when managing their finances | 5.16 | 2.06 |
| Financial planning for retirement is not necessary for assuring one's security during old age | 5.69 | 1.84 |
| Having a financial plan makes it difficult to make financial investment decisions | 5.65 | 1.89 |
| Having a savings plan is not really necessary in today's world in order to meet one's financial needs | 5.61 | 1.86 |
| It is really essential to plan for the possible disability of a family wage earner | 5.82 | 1.61 |
| Planning is unnecessary distraction when individuals are just trying to get by today | 5.62 | 1.69 |
| Keeping records of financial matters is too time-consuming to worry about | 6.00 | 1.69 |
| Saving is not really important | 4.30 | 1.67 |
| It is important for an individual to develop a regular pattern of savings and stick to it | 4.71 | 2.28 |
| Thinking about where you will be financially in 5 or 10 years in the future is essential for financial success | 4.86 | 2.22 |
| Overall mean | 5.34 | |
| I always pay bills before the due date | 4.00 | 1.89 |
| I always read the details of my bills to compare monthly usage or rate changes | 4.73 | 2.06 |
| I normally budget my monthly expenses | 4.92 | 1.85 |
| I keep track of my expenses | 4.97 | 1.76 |
| Before I buy something, I carefully consider whether I can afford it | 5.35 | 1.76 |
| On any day, I would know how much money I have to meet the daily living costs | 4.94 | 1.72 |
| I save money for retirement | 5.21 | 1.92 |
| My monthly pension contribution is sufficient for my retirement days | 3.72 | 1.93 |
| At any time, I have some money saved for emergencies | 4.94 | 1.77 |
| I ensure that with every pay, I would save some | 5.12 | 1.77 |
| I plan for long-term goals including children's education fund, houses and vehicles | 5.00 | 1.86 |
| My insurance coverage is sufficient to meet costs related to emergency events | 3.73 | 1.88 |
| I actively invest in shares | 3.34 | 2.04 |
| I have the right estate properties for my needs | 3.56 | 1.98 |
| I have proper estate planning for my heirs | 3.88 | 1.94 |
| I am currently following my long-term financial plan | 4.65 | 1.80 |
| Overall mean | 4.50 | |
| I am satisfied with my current financial situation | 3.45 | 1.75 |
| I can do little to improve my current financial situation | 3.57 | 1.82 |
| I rarely run short of money | 4.14 | 1.73 |
| Sometimes I feel that my income does not quite cover my living costs | 3.55 | 1.79 |
| If I had a major loss of income, I could manage for a period of time (e.g. for 3 months) | 4.25 | 1.82 |
| Based on my current financial situation, I could easily obtain a loan if I needed one | 4.23 | 1.99 |
| Overall mean | 3.86 | |
| Frequent headaches | 5.42 | 1.69 |
| Feeling low in energy or slowed down | 5.00 | 1.64 |
| Difficulty in making decisions | 4.97 | 1.70 |
| Your mind going blind | 5.26 | 1.67 |
| Trouble concentrating | 4.88 | 1.73 |
| Feeling easily annoyed or irritated | 4.72 | 1.88 |
| Temper outburst you could not control | 4.88 | 1.89 |
| Suddenly scared for no reason | 4.94 | 1.91 |
| Poor appetite | 4.94 | 1.87 |
| Crying easily | 5.05 | 2.04 |
| Overall mean | 5.01 | |