This study examined the differentiation among second-year college students from a small urban religious affiliated college in New York City and their four beliefs about household money on five constructs of wellness. Ninety-two participants completed the “TestWell: Wellness Inventory-College Edition” questionnaire. Discriminant analysis evaluated the differences among groups. It was found that students who believed they have plenty of money revealed higher scores for emotional awareness and physical fitness. Student services on college campuses may use this research to offer student financial planning to support and set short and long term budgeting goals that increase retention rates.
Koukounas, S., Jubert, S. B., Howell, C. A., Morote, E., & Inserra, A. (2014). The Role of Second-year College Students' Mindset on Finances and its Impact on Welness. The New York Journal of Student Affairs, 14(2). Retrieved from https://commons.library.stonybrook.edu/nyjsa/vol14/iss2/4