The role of personality in the relationship between financial stress and well-being in young people

The present study is aimed to study the moderating role of personality in the relationship between financial stress and well-being in young people in Romania. The sample consisted of 168 young people aged between 20 and 35 years old (M = 22.05, AS = 2.72), of which 116 are female (69%) and 52 male (31%). To measure the variables, we used InCharge Financial Distress/Financial Well-Being Scale, The Satisfaction with Life Scale and questionnaires of ten items each (Markers Big Five) that are part of the collection of items of the IPIP-Ro project. The results showed that only Openness to experience, as a personality factor, has a moderating effect on the relationship between financial stress and well-being. The novelty of the study consists in capturing the relationships between personality, financial stress and well-being of young people in Romania. Few Romanian studies analyzed the moderating effect of personality in the relationship between the two variables mentioned above. The present study can contribute to the development of financial education programs, the aim being to reduce financial stress and increase the well-being of young people through strategies for efficient management of personal resources