Validation and Measurement Invariance of the Personal Financial Wellness Scale

IF 3.2 3区心理学 Q2 PSYCHOLOGY, APPLIED

European Journal of Psychological Assessment Pub Date : 2022-11-01 DOI:10.1027/1015-5759/a000750

E. K. Buabang, Sarah Ashcroft-Jones, Celia Esteban Serna, Katarina Kastelic, Jakob Kveder, Amanda Lambertus, Tasja S. Müller, K. Ruggeri

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引用次数: 2

Abstract

Abstract. In 2020, 17.1% of the population in the European Union was at risk of poverty ( Eurostat, 2021 ). Poverty is often assessed using objective measures such as absolute and relative income levels. However, different individuals may experience different levels of financial stress at the same income level. Therefore, it is crucial to have measures that capture the subjective components of poverty. In this multinational study, we tested the validity and measurement invariance of the Personal Financial Wellness (PFW) scale across six European countries (Germany, Italy, the Netherlands, Slovenia, Spain, and the UK) and the US, and six languages (German, Italian, Dutch, Slovenian, Spanish, and English). Results provided mixed evidence for the fit of the expected one-factor structure. Exploration of a modified one-factor structure indicated an improved fit. The scale showed excellent reliability, and convergent and discriminant validity. This suggests that the PFW scale captures subjective financial stress and is a dependable self-report measure. Measurement invariance testing of the modified one-factor model showed metric invariance across Slovenia, Spain, the UK, and the US. Given that scalar invariance was not achieved and the invariance testing was based on an exploratory model, we do not advise the use of the scale for comparisons between countries.

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个人财务健康量表的验证与测量不变性

摘要2020年，欧盟17.1%的人口面临贫困风险(Eurostat, 2021)。贫穷通常是用诸如绝对和相对收入水平等客观指标来评估的。然而，在相同的收入水平下，不同的人可能会经历不同程度的财务压力。因此，至关重要的是要有能够捕捉到贫穷的主观因素的措施。在这项跨国研究中，我们在六个欧洲国家(德国、意大利、荷兰、斯洛文尼亚、西班牙和英国)和美国，以及六种语言(德语、意大利语、荷兰语、斯洛文尼亚语、西班牙语和英语)测试了个人财务健康(PFW)量表的有效性和测量不变性。结果为预期的单因素结构的拟合提供了混合证据。对改进的单因素结构的探索表明了更好的契合度。量表具有良好的信度、收敛效度和判别效度。这表明PFW量表捕捉主观财务压力，是一个可靠的自我报告测量。修改后的单因素模型的测量不变性测试显示斯洛文尼亚、西班牙、英国和美国的度量不变性。鉴于没有实现标量不变性，并且不变性检验是基于探索性模型，我们不建议使用该量表进行国家之间的比较。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

European Journal of Psychological Assessment PSYCHOLOGY, APPLIED-

CiteScore

6.40

自引率

4.00%

发文量

期刊介绍： The main purpose of the EJPA is to present important articles which provide seminal information on both theoretical and applied developments in this field. Articles reporting the construction of new measures or an advancement of an existing measure are given priority. The journal is directed to practitioners as well as to academicians: The conviction of its editors is that the discipline of psychological assessment should, necessarily and firmly, be attached to the roots of psychological science, while going deeply into all the consequences of its applied, practice-oriented development.