Document Type

Article

Publication Date

9-2023

Publication Title

Research on Social Work Practice

Volume

33

Issue

6

Pages

695-710

Publisher Name

Sage Publications

Abstract

Purpose

Financial knowledge often does not translate into financial well-being. This study looks at how knowledge might be converted to well-being for people living in low-income environments, based on a theory called Financial PSS.

Methods

The study tests the validity of the two scales that make up Financial PSS: Perceived Financial Barriers and Financial Hope. Then it examines how these measures along with an intervention measure called TIP are associated with financial capability.

Results

Results validated the Perceived Financial Barrier Scale and Financial Hope Scale. Next, the study found that the Perceived Financial Barriers Scale and the Financial Hope Scale are associated with financial capability, as is the TIP score.

Conclusion

The study concludes that Financial PSS as a newly applied practice-based theory should be further tested. Workforce providers could integrate financial education and empowerment-based F-PSS process models and see a positive impact on their placement and retention outcomes.

Comments

Author Posting © The Authors, 2023. This is the author's version of the work. It is posted here by permission of Sage Publications for personal use, not for redistribution. The definitive version was posted in Research on Social Work Practice, Volume 33, Issue 6, Pages 695-710. https://doi.org/10.1177/10497315231179643

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.

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