Financial Stress
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Abstract
The Financial Stress Questionnaire is a 9-item instrument,
developed by the Fast Track project, that explores sources of household
spending and adequacy of funds for paying bills. The Questionnaire
is administered to parents.
The parent is asked to evaluate the affordability of 7 spending
sources in the household (home, clothing, furniture, car, food,
medical care and leisure) on a 1 to 5 scale (strongly agree, agree,
neutral, disagree, strongly disagree); how much difficulty he/she
had to pay the bills on a 1 to 5 scale (a great of difficulty to
no difficulty at all) and how much money was left at the end of
the month on a 1 to 4 scale (not enough, just enough, some money
left, more than enough money left over). This measure has been administered
since spring of 1994.
This measure contains no subscales. A score is calculated as the
mean of the seven spending source items times 7. Item scores for
the two questions that explore adequacy of monthly funds are reported
separately.
T-tests of means show significant differences between the normative
and control groups for the Spending Source Score and for Item 8:
Difficulty Paying Bills. Alpha coefficients for the Spending Source
Score suggests that this score is useful. Researchers should note
that the order in which responses for Item 8 and Item 9 are coded
is in the opposite direction from Items 1-7.
Keywords: Family Finances, Financial Difficulties, Household Expenses,
Money.
Administration History
See study
years administered.
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26 March 2003
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