Financial Satisfaction

Measures of financial satisfaction capture how satisfied one is with their current financial situation, as well as the financial situation of their household.  

Measure

Source:

Rojas M. X-inefficiency in the use of income to attain economic satisfaction. The Journal of Socio-Economics. 2008;37(6):2278-2290.

Psychometric properties:

Not reported.

How satisfied are you with:

  Extremely dissastisfied Very dissastisfied Dissastisfied Neither unsastisfied or satisfied Satisfied Very satisfied Extremely satisfied
Your income o o o o o o o
What you can purchase o o o o o o o
Your housing conditions o o o o o o o
Your household's financial situation o o o o o o o

 

Measure

Source:

Mugenda OM, Hira TK, Fanslow AM. Assessing the causal relationship among communication, money management practices, satisfaction with financial status, and satisfaction with quality of life. Lifestyles Family and Economic Issues. 1990;11(4):343-360. 

Psychometric properties:

Cronbach’s alpha = .81

How satisfied are you with your:

  Extremely dissatisfied Dissatisfied Neutral Satisfied Extremely satisfied
Level of living o o o o o
Current level of savings o o o o o
Ability to stay out of debt o o o o o
Level of assets o o o o o
Ability to pay back what you owe o o o o o
Ability to meet large emergency expenses o o o o o

 

Measure

Source:

Hsieh C-M. Correlates of financial satisfaction. The International Journal of Aging and Human Development. 2001;52(2):135-153.

Psychometric properties:

Not reported.

As far as you and your family are concerned, would you say that you are:

  • Pretty well satisfied with your present financial situation
  • More or less satisfied
  • Not satisfied at all