Relationship between financial stress and happiness among Nigerians: the intermediary role of meaning of life Online publication date: Thu, 19-Oct-2023
by Alex I. Shaahu; James T. Gire
International Journal of Happiness and Development (IJHD), Vol. 8, No. 2, 2023
Abstract: The current study utilising a moderated mediation analysis investigated the impact of financial stress and meaning in life on happiness in a community-based sample of 482 individuals, aged 18-78 years in Makurdi, the Benue State Capital in North Central Nigeria. The satisfaction with life scale (SWLS), the economic strain scale, and meaning in life questionnaire (MLQ) were used in gathering the data which were analysed using Hayes' process macro. The results showed that financial stress was negatively associated with happiness and presence of meaning, but was positively associated with search for meaning. The presence of meaning partially mediated the financial stress-happiness relationship, and the strength of this partial mediation was moderated by the search for meaning. The findings suggest that under financial stress, presence of meaning may serve as a foundation upon which people initiate a search for meaning (SFM) that enables them cope with ongoing challenges that threatens their wellbeing.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Happiness and Development (IJHD):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook