Economic well-being among single mothers: the effects of materialism, stress, savings behaviour and compulsive buying behaviour

Economic growth has often been measured by income and productivity. The rise of the highly commercialised modern world has opened up the possibilities to look beyond numbers and introduced the concept of well-being in measuring a country’s performance. Efforts should be made especially among the vul...

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Main Authors: Mat Rahim, Fatin Farwizah, Abd Rahim, Husniyah, Osman, Syuhaily, Othman, Mohd Amim
Format: Article
Published: HR Management Academic Research Society 2022
Online Access:http://psasir.upm.edu.my/id/eprint/101047/
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author Mat Rahim, Fatin Farwizah
Abd Rahim, Husniyah
Osman, Syuhaily
Othman, Mohd Amim
author_facet Mat Rahim, Fatin Farwizah
Abd Rahim, Husniyah
Osman, Syuhaily
Othman, Mohd Amim
author_sort Mat Rahim, Fatin Farwizah
building UPM Institutional Repository
collection Online Access
description Economic growth has often been measured by income and productivity. The rise of the highly commercialised modern world has opened up the possibilities to look beyond numbers and introduced the concept of well-being in measuring a country’s performance. Efforts should be made especially among the vulnerable groups of population to ensure equal growth of the economic well-being. Single mothers often deal with economic, financial and psychological issues that make them much vulnerable to the dynamic movement of the economics. Therefore, this study aims to examine the effects of materialism, stress, savings behaviour and compulsive buying behaviour with single mothers’ economic well-being. The sample was selected by using a multi-stage random sampling which conducted among single mothers in Peninsular Malaysia. Results divulged that stress and compulsive buying behaviour had a significant negative influence on economic well-being. Additionally, compulsive buying behaviour had mediated the influence of materialism and stress on economic well-being. These findings suggest that managing the factor of materialism, stress and compulsive buying behaviour is crucial in alleviating the economic well-being of the single mothers. Further implications and suggestions for future research are also discussed accordingly.
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spelling upm-1010472023-06-17T23:33:40Z http://psasir.upm.edu.my/id/eprint/101047/ Economic well-being among single mothers: the effects of materialism, stress, savings behaviour and compulsive buying behaviour Mat Rahim, Fatin Farwizah Abd Rahim, Husniyah Osman, Syuhaily Othman, Mohd Amim Economic growth has often been measured by income and productivity. The rise of the highly commercialised modern world has opened up the possibilities to look beyond numbers and introduced the concept of well-being in measuring a country’s performance. Efforts should be made especially among the vulnerable groups of population to ensure equal growth of the economic well-being. Single mothers often deal with economic, financial and psychological issues that make them much vulnerable to the dynamic movement of the economics. Therefore, this study aims to examine the effects of materialism, stress, savings behaviour and compulsive buying behaviour with single mothers’ economic well-being. The sample was selected by using a multi-stage random sampling which conducted among single mothers in Peninsular Malaysia. Results divulged that stress and compulsive buying behaviour had a significant negative influence on economic well-being. Additionally, compulsive buying behaviour had mediated the influence of materialism and stress on economic well-being. These findings suggest that managing the factor of materialism, stress and compulsive buying behaviour is crucial in alleviating the economic well-being of the single mothers. Further implications and suggestions for future research are also discussed accordingly. HR Management Academic Research Society 2022 Article PeerReviewed Mat Rahim, Fatin Farwizah and Abd Rahim, Husniyah and Osman, Syuhaily and Othman, Mohd Amim (2022) Economic well-being among single mothers: the effects of materialism, stress, savings behaviour and compulsive buying behaviour. International Journal of Academic Research in Business and Social Sciences, 12 (10). 1034 - 1055. ISSN 2222-6990 https://hrmars.com/index.php/IJARBSS/article/view/14309/Economic-Well-being-among-Single-Mothers-The-Effects-of-Materialism-Stress-Savings-Behaviour-and-Compulsive-Buying-Behaviour 10.6007/IJARBSS/v12-i10/14309
spellingShingle Mat Rahim, Fatin Farwizah
Abd Rahim, Husniyah
Osman, Syuhaily
Othman, Mohd Amim
Economic well-being among single mothers: the effects of materialism, stress, savings behaviour and compulsive buying behaviour
title Economic well-being among single mothers: the effects of materialism, stress, savings behaviour and compulsive buying behaviour
title_full Economic well-being among single mothers: the effects of materialism, stress, savings behaviour and compulsive buying behaviour
title_fullStr Economic well-being among single mothers: the effects of materialism, stress, savings behaviour and compulsive buying behaviour
title_full_unstemmed Economic well-being among single mothers: the effects of materialism, stress, savings behaviour and compulsive buying behaviour
title_short Economic well-being among single mothers: the effects of materialism, stress, savings behaviour and compulsive buying behaviour
title_sort economic well-being among single mothers: the effects of materialism, stress, savings behaviour and compulsive buying behaviour
url http://psasir.upm.edu.my/id/eprint/101047/
http://psasir.upm.edu.my/id/eprint/101047/
http://psasir.upm.edu.my/id/eprint/101047/