The role of second-year college students’ mindset on finances and its impact on wellness

  • Susan Koukounas Dowling College
  • Steven Jubert Stony Brook College
Keywords: Student Services, Financial Planning

Abstract

This study examined the differentiation among second-year college students from a small urban religious affiliated college in New York City and their four beliefs about household money  on five constructs of wellness. Ninety-two participants completed the “TestWell: Wellness Inventory-College Edition†questionnaire.  Discriminant analysis evaluated the differences among groups. It was found that students who believed they have plenty of money revealed higher scores for emotional awareness and physical fitness.  Student services on college campuses may use this research to offer student financial planning to support and set short and long term budgeting goals that increase retention rates.

Author Biography

Susan Koukounas, Dowling College
Doctoral Student, Dowling College
Published
2014-11-26
Section
Featured Articles