Proceedings of the 9th International Conference on Modern Research in Management, Economics and Accounting
Year: 2018| Page No:84-93
DOI: https://www.doi.org/10.33422/8mea.2018.11.56
Mental Health Predictors among Malaysians during Economic Crisis: The 3Fs Influence
Naffisah Mohd Hassan,Siti Noorsuriani Maon and Erne Suzila Kassim
ABSTRACT:
History has shown there is a significant effect of economic condition and mental health. Mental health plays an important role for individuals to have an adequate level of sanity in thinking and making decision. Thus, individuals with mental health problems will be easily disturbed and emotionally weak in coping up with daily issues related to money. While reports have shown the important roles of social support to the society during economic crisis, how a person copes with the changes and their influence to the mental health in Malaysia still requires a better understanding. Therefore, built on the justice theory, the study attempts to examine the roles of financial stress, financial behavior and financial wellbeing (the 3Fs) in explaining for one’s ability to be mentally healthy. A total of 423 usable data gathered from working adults were analysed for both the measurement and structural models. The findings indicate significant relationships between the 3Fs and mental health during financial crisis. Thus, it could be concluded financial stress, financial behavior and financial wellbeing are important in determining one’s ability to be able to cope with financial challenges.
Keywords: Mental health, financial stress, financial behaviour, and financial wellbeing.