ORIGINAL RESEARCH article
Front. Psychol.
Sec. Personality and Social Psychology
Volume 16 - 2025 | doi: 10.3389/fpsyg.2025.1553006
Financial Well-Being and Financial Stress as Predictors of Overall Well-Being and Life Satisfaction Among Peruvian Workers
Provisionally accepted
Oscar Mamani-Benito1*
María Celinda Cruz Ordinola1Roberto Dante Olazabal Boggio1
Mariné Estefa Huayta Meza2Effer Apaza-Tarqui3Milagros Yesenia Pacheco Vizcarra4
Wilter C. Morales García2- 1Lord of Sipan University, Chiclayo, Peru
- 2Peruvian Union University, Lima, Peru
- 3Universidad Ricardo Palma, Lima, Peru
- 4Universidad Nacional del Altiplano, Puno, Peru
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Background: The COVID-19 pandemic significantly impacted the mental health and overall well-being of the working population, exacerbating financial problems that influence subjective well-being and life satisfaction. Financial stress and financial well-being have emerged as key predictors of these dimensions. Objective: To determine whether financial well-being and financial stress are significant predictors of overall well-being and life satisfaction among Peruvian workers. Methods: A cross-sectional predictive study was conducted with 1,208 Peruvian workers aged 18 to 64 years (M = 25.26, SD = 7.99), using standardized instruments such as the General Well-Being Index, Financial Stress Scale, Satisfaction with Life Scale, and Financial Well-Being Scale. Results: The model demonstrated a good fit to the data (χ² = 1399.76, p < 0.001, df = 269, CFI = .962, TLI = .958, RMSEA = .062, SRMR = .051). Financial well-being had a positive effect on overall well-being (β = .52, p < .001) and life satisfaction (β = .24, p < .001). Financial stress showed a negative effect on life satisfaction (β = -.19, p < .001) but did not significantly affect overall well-being (β = -.02, p > .001). Conclusions: Financial well-being plays a critical role in subjective well-being and life satisfaction, while financial stress negatively impacts cognitive evaluations of life. Occupational health strategies should incorporate financial education programs and measures to mitigate financial stress, fostering economic resilience and holistic well-being among workers.
Keywords: Subjective well-being, life satisfaction, Financial stress, financial well-being, Peru
Received: 29 Apr 2025; Accepted: 09 Sep 2025.
Copyright: © 2025 Mamani-Benito, Cruz Ordinola, Olazabal Boggio, Huayta Meza, Apaza-Tarqui, Pacheco Vizcarra and Morales García. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
* Correspondence: Oscar Mamani-Benito, Lord of Sipan University, Chiclayo, Peru
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