Kentucky Equestrians: Defining Socioeconomic Contexts for Extension Programming

Understanding relationships between demographic and economic factors and equestrian participation could improve horse program design. We implemented an online survey that characterized associations of participation in equine activities, socioeconomic factors, and economic factors with age. Seventy-five percent of respondents ride, and 34% are recreational, non-competitive participants. Respondents were mostly female, and many participate in the sport throughout life. Many respondents indicated they overspent on equestrian activities. Horse programs should incorporate information and activities that address issues unique to females, should develop skills required by amateur or recreational riders, and should incorporate information on financial wellness.

Demystifying Financial Literacy in Covid-19 Environment: A Review

The Covid-19 situation has thrown lights for a reality check about managing personal finance among the households. The research was designed in the context of the pandemic affecting the personal finance of millions of households. It stressed the need for financial literacy by explaining the various aspects – understanding the concept, identifying the benefits out of acquiring knowledge and skills in financial literacy, establishing the relationship of financial literacy with financial wellbeing, mapping the global situation in financial literacy, suggesting the remedial measures in ensuring financial wellness in the Covid-19 pandemic situation. The methodology of the study was to review the existing literature on financial literacy and education. The approaches and practices of financial education followed by countries interpreted by researchers in this field were reviewed and documented. The study contributes to the existing literature by summarizing the findings of the researchers in terms of knowledge one possesses in financial products and processes, the ability to make appropriate decisions to invest, borrow and secure, to understand the importance of savings and investment for retired life, etc. The global scenario versus India in financial literacy was brought out, throwing the light that India needs to travel further in the financial literacy landscape. It concludes by prescribing a series of financial wellness measures to make people resilient and reach financial well-being. The policy options suggested by the authors to start the learning of financial literacy from school education onwards, introduce financial education at the workplace, and implement financial education for the elderly and women invite the attention of policymakers and practitioners. The study can influence policymakers and practitioners to design target-specific financial education measures.

The Impact of Covid19 Pandemic, Financial Wellness, and Online Teaching on The Mental Health of Lebanese Schoolteachers

Teaching is mentally and physically draining occupation, and due to Covid-19, education shifted to online methods, which made it even harder. Lebanon is facing a huge economic crisis, making it harder on teachers to maintain mental health. An observational cross-sectional study was carried out, enrolling 300 schoolteachers assessing sociodemographic factors, teaching status, financial wellness, fear of covid-19, and mental health. Results showed high prevalence of depression, anxiety, and stress. Teachers showed severe levels of anxiety and stress with correlation to online teaching, with added depression when correlated with fear of Covid19 and financial wellness. Urgent measures should be taken to minimize the stressful environment and worsening situation in Lebanon.

Human Capital Investment for Adolescents: Barriers and Opportunities

The decision to attend college is a question of human capital investment, yet resources to help practitioners frame human capital investment decisions remain elusive and few include the “gold standard” of finance: net present value (NPV). Can one discuss human capital investment with an average adolescent using a traditional NPV approach? Motivated by this question, we presented 10 barriers to maximizing education–career NPV (e.g., clarity of costs, immature adolescent brains, individual discount rates). We outline an iterative, research-based approach to education–career investment, including framing the conversation, calculating paired NPVs, and structuring the decision. This multistep framework leverages practitioner expertise to help adolescents consider important lifelong financial wellness implications of human capital investment.

Financial Wellbeing-The Missing Piece in Holistic Wellbeing

The top causes of stress for employees, based on various studies, are financial or money matters and their challenges. Organisations recognise the impact this worry creates for the firm at large and thus financial wellbeing programmes are slowly gaining popularity. There is evidence to show how financial wellbeing is an integral part of holistic wellbeing, and organisations are experimenting with methods to disseminate financial literacy. In order to avoid the pitfalls of trying something big and failing, organisations and particularly human resource (HR) should spearhead the initiative of duly customised financial wellness programmes (FWPs) for their employees which address their pains and keep aside a budget for the same. Like any relationship, this too needs time to grow; finding a partner early whose objective aligns with that of the HR in ensuring holistic wellbeing for the employee is the important first step. The recent regulations for Registered Investment Advisors promulgated by SEBI allow HR in organisations to use them as a first filter in selecting their financial wellbeing partner.

MEASURING FINANCIAL WELLNESS OF THE MALAYSIAN EMPLOYEES

The purpose of this paper is to assess the determinants of financial wellness among employees in Sarawak. Samples are selected using multi-stage sampling technique among employees work at Kuching City and regression analysis is applied to examine the impacts of financial literacy, financial stress, and financial behavior towards the financial wellness among employees. A total of 300 questionnaires was distributed to the public and private sector employees with a response rate at 71 per cent. Generally, the results suggest that all determinants significantly affect the financial wellness of the workers. Additionally, education level is found important to the financial wellness among employees in Kuching, Sarawak.

Financial Self-Efficacy, Behaviour, Wellness and its Effect on Academic Performance among Nursing Students

Financial management is an important thing, especially for students in the university, because money is one of the crucial aspects of university life. This study aims to determine the relationship between financial self-efficacy, behaviour, wellness and its effect on academic performances. The quantitative cross-sectional study design was carried out using a questionnaire. The finding shows that students had a high level of financial self-efficacy, practised fairly good financial behaviour and had a moderate level of financial wellness. These finding can provide an effective plan and implement financial wellness initiatives on campus. Keywords: financial self-efficacy; financial behaviour; financial wellness; academic performance eISSN: 2398-4287© 2020. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BYNC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia. DOI: https://doi.org/10.21834/ebpj.v5i15.2456.

Analysing personal financial wellness amongst employees of a South African tertiary institution

The financial health of employees is increasingly becoming important in many organisations. Personal financial wellness not only contributes to the overall well-being of employees but also affects their job productivity. Thus, employers need the necessary knowledge to evaluate and address employees’ personal financial wellness levels effectively. The main objective of this study was to analyse the level of personal financial wellness amongst employees at a South African tertiary institution and gain insight which employers can use in addressing the needs of their staff with regard to personal finances. The study followed a cross-sectional design. Primary data were collected using a self-administered questionnaire from 60 attendees of a personal finance workshop, using the validated Personal Finance Well-being Scale. Practically visible to practically significant correlations were found between the number of years employed, income tax percentage paid on income earned, age, number of years being a homeowner and personal financial well-being, respectively. There were also practically non-significant correlations between general health levels, highest qualification, the number of children living in a household, number of children or other financially responsible adults and personal financial well-being. Employees’ sources of advice also seemed to influence their financial well-being. Respondents indicated that they experienced high financial stress to overwhelming stress and were dissatisfied with their current financial situation. It is also the first study to determine the level of financial wellness amongst a group of employees in the higher education sector using the Personal Finance Well-being Scale and only the third study that was found to use this scale amongst employees. This should enable employers to better support their employees.