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International Journal of Applied Research and Sustainable Sciences
Article . 2024 . Peer-reviewed
License: CC BY
Data sources: Crossref
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ZENODO
Article . 2024
License: CC BY
Data sources: ZENODO
https://dx.doi.org/10.60692/dt...
Other literature type . 2024
Data sources: Datacite
https://dx.doi.org/10.60692/pt...
Other literature type . 2024
Data sources: Datacite
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Personality Traits and Financial Well-Being of College Students in Davao City

السمات الشخصية والرفاهية المالية لطلاب الكلية في مدينة دافاو
Authors: Obenza, Brandon; Tabac, Charles Emyrrhson; Estorba, Danica Rose; Baring, Aliane; Rizardo, Janna Paula; Badayos, Christian Jay; Zaragoza, Antoinette Paula; +1 Authors

Personality Traits and Financial Well-Being of College Students in Davao City

Abstract

This study examined the predictive power of personality traits (extraversion, agreeableness, openness, conscientiousness, and neuroticism) on the financial well-being of college students in Davao City. In addition, this study used a correlational-quantitative design. 307 college students from various public and private institutions in the City participated in the online survey via Google forms. Hypotheses were tested using regression analyses in SmartPLS 4.0 software by the researchers. The findings of the study show that only extraversion (R=0.205, p-value=0.002) and neuroticism (R=0.181, p-value=0.001) are significantly and positively associated with financial well-being. On the other hand, there was no discernible correlation found in the hypothesized paths between agreeableness, conscientiousness, and openness, toward financial well-being. The regression model’s R² value of 0.130 implies that the personality traits can explain 13% of the variance in college students’ financial well-being. Finally, the study has provided insights for creating targeted interventions and initiatives that will improve college students’ overall well-being alongside financial literacy.

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Keywords

Importance of Financial Literacy and Retirement Planning, Social Psychology, Big Five personality traits, Social Sciences, Savings Behavior, Business, Management and Accounting, Role of Positive Emotions in Well-Being, Financial Literacy, Social psychology, FOS: Psychology, Accounting, Psychology, Business, Finance, Personality

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    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
2
Top 10%
Average
Average
Green
gold