Academic Journals Database
Disseminating quality controlled scientific knowledge

InCharge Financial Distress/Financial Well-Being Scale: Development, Administration, and Score Interpretation

Author(s): Aimee D. Prawitz | E. Thomas Garman | Benoit Sorhaindo | Barbara O'Neill | Jinhee Kim | Patricia Drentea

Journal: Financial Counseling and Planning
ISSN 1052-3073

Volume: 17;
Issue: 1;
Start page: 34;
Date: 2006;
VIEW PDF   PDF DOWNLOAD PDF   Download PDF Original page

Keywords: Economic stress | Financial distress | Financial stress | Financial well-being | Personal finance

This article describes development of the InCharge Financial Distress/Financial Well-Being Scale, designed to measure a latent construct representing responses to one's financial state on a continuum ranging from overwhelming financial distress/lowest level of financial well-being to no financial distress/highest level of financial well-being. It describes a formative Delphi study, validity criteria and testing, factor analysis, Cronbach's alpha coefficients, administration instructions, norming of the data and score interpretation, and implications for use.
RPA Switzerland

Robotic Process Automation Switzerland


Tango Rapperswil
Tango Rapperswil