Perceived Adequacy of Resources

Measures of perceived adequacy of resources capture one’s perception of having enough financial resources to meet basic needs and financial obligations.  

Measure

Source:

Rettig KD, Leichtentritt RD, Danes SM. The effects of resources, decision making, and decision implementing on perceived family well-being in adjusting to an economic stressor. Journal of Family and Economic Issues. 1999;20(1):5-34. 

Psychometric properties:

Cronbach's alpha = 0.70 (Men)
Cronbach’s alpha = 0.64 (Women)

Thinking about the future, five years from now, how do you expect your financial condition to be?

  • Much worse
  • Somewhat worse
  • About the same
  • Somewhat better
  • Much better

Thinking about your income, how do you feel about the adequacy of that income?

  • Not at all adequate
  • Somewhat adequate
  • Just enough
  • Can afford some things that I want
  • Can afford about everything wanted

How much control do you feel over your financial situation?

  • Very much out of control
  • Somewhat out of control
  • Fluctuating
  • Somewhat in control
  • Very much in control

Measure

Source:

Budescu M, Taylor RD. Order in the home: Family routines moderate the impact of financial hardship. Journal of Applied Developmental Psychology. 2013;34(2):63-72.
Dunst CJ, Leet HE. Measuring the adequacy of resources in households with young children. Child: Care, Health and Development. 1987;13:111–125.

Psychometric properties:

These items were selected from the basic needs domain of the Family Resources Scale, with Cronbach's alpha ~ .80.

I have adequate resources for two meals a day.

  • Not at all adequate
  • Slightly adequate
  • Somewhat adequate
  • Moderately adequate
  • Always adequate

I have adequate financial resources to pay monthly bills.

  • Not at all adequate
  • Slightly adequate
  • Somewhat adequate
  • Moderately adequate
  • Always adequate

Measure

Source:

Ho CS, Lempers JD, Clark-Lempers DS. Effects of economic hardship on adolescent self-esteem: A family mediation model. Adolescence. 1995;30(117):117-131.

Psychometric properties:

Cronbach's alphas = 0.88 and 0.90 (For fathers and mothers of girls' data)
Cronbach's alphas = 0.87 and 0.85 (For fathers and mothers of boys' data)

  Yes No
We have enough money for the kind of food our family should have o o
We have enough money for the kind of medical care our family should have o o
We have enough money for the kind of clothing we should have o o
We have enough money for the leisure activities we like o o
We are able to afford furniture or household equipment that needs to be replaced o o
Our money never seems to be enough for what we want o o