Title: Subjective Well-being and Financial Independence of Young Adults (Student Presentation-2017 Student Paper Award Winner)
Thursday, November 16th, 2017
Using survey data from the 2013 Transition to Adulthood supplement of the Panel Study on Income Dynamics, this study examined young adults' subjective well-being measured by two sets of variables (emotional well-being and financial worry) on young adults financial independence. Hypothesized was having a high sense of emotional well-being or a low sense of financial worry is positively associated with a high level of financial independence. Results indicated young adults who are older, female, and more worried about financial life issues had a lower level of financial independence.