Dowling, Nicki, Corney, Tim ORCID: 0000-0002-1980-6835 and Hoiles, Lauren (2009) Financial Management Practices and Money Attitudes as Determinants of Financial Problems and Dissatisfaction in Young Male Australian Workers. Journal of Financial Counseling and Planning, 20 (2). pp. 5-13. ISSN 1052-3073

Abstract

The study examined the determinants of financial problems and dissatisfaction and the degree to which experiencing financial problems and dissatisfaction influenced attitudes towards financial counseling in a sample of 400 young male Australian workers. Financial management practices and money attitudes significantly predicted financial problems. Financial management practices, money attitudes, and financial problems also significantly predicted financial satisfaction. There was no significant relationship between financial problems and dissatisfaction and financial counseling attitudes. These findings highlight the need for financial education initiatives for young male workers to be directed at facilitating changes in financial management practices and money attitudes and educational efforts to increase the social acceptability of seeking professional financial assistance for young male workers with financial problems.

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