Kremer, Marleen (2024) Financial Performance and Alcohol Use - A European-wide Study. Master thesis, Psychology.
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Abstract
Financial capability, including both financial competence and performance, is inevitable for autonomy, independent living and well-being. This capability may not be given equally to individuals who consume maladaptive patterns of alcohol. Given alcohol use in the general population is widespread, its use may affect daily functioning and financial performance. This cross-sectional study examined the influence of alcohol use on financial performance with data from Wave 9 (n = 61,003) of the Survey of Health, Retirement and Ageing in Europe (SHARE). Group comparisons and logistic regressions were used to analyze the association between three self-reported alcohol use measures: (a) alcohol used in the last seven days, (b) amount of alcohol used in the last seven days, and (c) the amount of occasions of six or more drinks, taken at once, in the last three months, and six financial performance aspects: (i) difficulties in managing money; (ii) challenges in making ends meet; (iii) the ability to pay unexpected expenses; (iv) debt situation; (v) financial risk tolerance; and (vi) financial planning horizon. This study highlights that people who (binge) drink alcohol may be slightly more likely to take financial risks and to have more debts, but they do not experience more difficulties with managing money, making ends meet, paying unexpected expenses, or prefer short-time financial planning horizons, compared to those who do not (binge) drink alcohol. Notably, only alcohol users’ financial risk-taking had a small effect size, suggesting that alcohol consumption might influence people’s financial risk tolerance. Additionally, a significant, but negligible, effect size was found between alcohol consumption and having debts. All other results obtained in this study were negligible. In conclusion, alcohol consumption in the general population may affect financial performance to some extent, however, its overall impact is limited in magnitude and has minor practical implications. Keywords: Financial capability, financial performance, alcohol-use, binge drinking Somatic Marker Theory
| Item Type: | Thesis (Master) |
|---|---|
| Supervisor name: | Koerts, J. |
| Degree programme: | Psychology |
| Differentiation route: | Clinical Neuropsychology (CN) [Master Psychology] |
| Date Deposited: | 29 Oct 2024 10:01 |
| Last Modified: | 29 Oct 2024 10:01 |
| URI: | http://gmwpublic.studenttheses.ub.rug.nl/id/eprint/4428 |
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