There is evidence that a person’s financial situation is associated with their wellbeing now and in the future. However, financial stress is present in many adults’ lives, impacting their role and participation in different occupational domains such as work, health management, and instrumental activities of daily living. Financial stress is consistently one of the top three causes of stress in the United States (APA, 2015). Financial stress is associated with cumulative effects that have a negative impact on a person’s physical health (Gallo et al., 2011; Kahn & Pearlin, 2006; Sturgeon et al., 2016) and mental health (Fitch et al., 2011; Mucci et al., 2016).
Improving a person’s financial wellbeing is one way to mitigate financial stress. This project focused on the factors affecting a person’s financial decision-making skills and behavior, leading to financial stress or financial wellbeing. The evidence literature and current approaches were reviewed and contributed to the development of Financially Wiser, a theory-driven evidence-based approach for developing financial literacy and positive financial management behavior that leads to improved financial wellbeing. Financially Wiser is designed as a community-based financial management education program facilitated by an occupational therapist. A pre-test post-test evaluation will be conducted to determine participant satisfaction and the degree to which the program goals were achieved.
| Identifer | oai:union.ndltd.org:bu.edu/oai:open.bu.edu:2144/43630 |
| Date | 18 January 2022 |
| Creators | Ferrera, Charisma C. |
| Contributors | Duddy, Karen, Jacobs, Karen |
| Source Sets | Boston University |
| Language | en_US |
| Detected Language | English |
| Type | Thesis/Dissertation |
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