The effects of perceived locus of control and perceived income adequacy on satisfaction with financial status of rural households

Mail survey data collected in 1988 from 2,510 households in 16 rural counties in 8 US states are used to examine the relationships among selected socioeconomic variables & satisfaction with financial status. Results indicate that age, household income, household net worth, perceived locus of con...

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Bibliographic Details
Published in:Journal of family and economic issues 1993-12, Vol.14 (4), p.343-364
Main Authors: Sumarwan, Ujang, Hira, Tahira K
Format: Article
Language:English
Subjects:
Economic Factors
Finance
Households
Income
Life Satisfaction
Locus of Control
Rural Population
Satisfaction
United States of America
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Summary:Mail survey data collected in 1988 from 2,510 households in 16 rural counties in 8 US states are used to examine the relationships among selected socioeconomic variables & satisfaction with financial status. Results indicate that age, household income, household net worth, perceived locus of control, & perceived income adequacy are significantly related to satisfaction with financial status. Household income & household net worth have indirect effects on satisfaction through perceived locus of control & perceived income adequacy. Perceived locus of control also has an indirect effect on satisfaction through perceived income adequacy. 4 Tables, 38 References. Adapted from the source document.
ISSN:1058-0476
1573-3475
DOI:10.1007/BF01013984