Temporal Measurement Invariance of the Financially Focused Self-Concept Construct

Abstract

Persons maintaining a financially focused self-concept view financial success as a core aspect of their respective self-concepts. We examined whether measurement properties of the financially focused self-concept scale (FFS) are invariant over time. A sample of predominantly older community members who gamble (N = 147) completed the 4-item FFS and Problem Gambling Severity Index (PGSI) twice, approximately four weeks apart. FFS had strong temporal measurement invariance and moderate-to-high temporal stability. FFS and PGSI were also positively associated within and across waves. These findings indicate that people who score higher in financial focus report more gambling problems concurrently and over time.