Benefits of Finding the Silver Lining: Secondary Control Protects Well-Being During Pandemic Financial Hardships
2024

Benefits of Finding the Silver Lining During Financial Hardships

Sample size: 292 publication Evidence: moderate

Author Information

Author(s): Pierce Matthew, Duggan Katherine, Klepacz Laura, Hamm Jeremy

Primary Institution: North Dakota State University

Hypothesis

Does within-person shifts in secondary control predict corresponding shifts in well-being during financial hardships?

Conclusion

Increases in secondary control are linked to improved well-being, especially during financial hardships.

Supporting Evidence

  • Shifts in secondary control predicted shifts in mental health and well-being.
  • Financial hardship moderated the relationship between secondary control and perceived stress.
  • Increases in secondary control had pronounced benefits during financial hardships.

Takeaway

When people believe they can find something good in tough times, it helps them feel better, especially when they are struggling financially.

Methodology

Analyzed data from the NDSU National COVID Study with 5 waves of data collection.

Participant Demographics

U.S. adults aged 18-80

Statistical Information

P-Value

p<0.01

Statistical Significance

p<0.05

Digital Object Identifier (DOI)

10.1093/geroni/igae098.2323

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