An investigation of the relationship between financial capability and psychological well-being in mothers of young children in poor areas in England

Authors

Edward Melhuish, University of WollongongFollow
Jay Belsky, University of London
Antero Malin, University of London

RIS ID

102661

Publication Details

Melhuish, E., Belsky, J. & Malin, A. (2008). An investigation of the relationship between financial capability and psychological well-being in mothers of young children in poor areas in England. London, United Kingdom: Financial Services Authority.

Abstract

Financial difficulties lead to financial distress that in turn may lead to poorer psychological well-being. Previous work on people's financial difficulties and capability indicates that those most vulnerable to financial difficulties may well suffer with regard to their psychological state. One particularly vulnerable group are families with young children in disadvantaged areas.