Current Psychology, Volume 43, Issue 10, Pages 9041-9053 , 01/03/2024

Mindfulness and financial well-being: multiple mediation of intrinsic career goals and work need satisfaction

Xuan Wu, Shi Zheng Huang, Pankeawta Lakkanawanit

Abstract

The goal of the current study is to investigate the relationship between mindfulness and financial well-being, for which the multiple mediating influences of intrinsic career goals and work need satisfaction are considered in combination with the self-determination theory. To verify the claimed association, a questionnaire study was conducted to gather information from 358 working adults in three under-developed regions of China. The results show that mindfulness positively influenced financial well-being. At the same time, intrinsic career goals and work need satisfaction act as parallel mediators between mindfulness and financial well-being. Nevertheless, the results don’t support the chained mediation from intrinsic career goals to work need satisfaction between mindfulness and financial well-being. Such findings offer insightful recommendations for enhancing financial well-being in the workplace through self-regulation of behaviours.

Document Type

Article

Source Type

Journal

Keywords

Financial well-beingMindfulnessParallel mediation effectSelf-determine theoryWorking adults

ASJC Subject Area

Psychology : Psychology (all)


Bibliography


Wu, X., Huang, S., & Lakkanawanit, P. (2024). Mindfulness and financial well-being: multiple mediation of intrinsic career goals and work need satisfaction. Current Psychology, 43(10) 9041-9053. doi:10.1007/s12144-023-05085-z

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