The financial well-being scale : Reliability, validity, and clinical correlates among childhood trauma survivors

Journal article

Huang, Chak Hei Ocean, Leung, Rachel Hoi Laam, Sit, Ka Yan, Tsui, Tsz Ying, Wong, Janet Yuen-Ha and Fung, Hong Wang. (2025). The financial well-being scale : Reliability, validity, and clinical correlates among childhood trauma survivors. Research on Social Work Practice. pp. 1-8. https://doi.org/10.1177/10497315241312889
AuthorsHuang, Chak Hei Ocean, Leung, Rachel Hoi Laam, Sit, Ka Yan, Tsui, Tsz Ying, Wong, Janet Yuen-Ha and Fung, Hong Wang
Abstract

Purpose
This study examined the reliability, validity, and clinical correlates of the financial well-being as measured using the CFPB Financial Well-Being Scale (FWBS) among Chinese childhood trauma survivors.

Methods
The sample consisted of childhood trauma survivors in a survey project (n = 151), with a subsample at follow-up approximately 5 months after baseline (n = 71). Participants first completed validated screening measures of financial well-being and mental health symptoms at baseline (T1), and then reported their symptoms again at follow-up (T2).

Results
Financial well-being is reliably and validly measured using the FWBS in this sample. T1 financial well-being significantly predicted disturbances in self-organization (β = −.238, p = .01) and depressive symptoms (β = −.239, p < .01) at T2.

Discussion
Financial well-being is a reliable and valid construct in this sample. Financial well-being predicted psychological symptoms among childhood trauma survivors. Trauma care services should take financial well-being into consideration.

Keywordsfinancial well-being; childhood trauma; depression; posttraumatic stress disorder (PTSD); complex PTSD
Year2025
JournalResearch on Social Work Practice
Journal citationpp. 1-8
PublisherSAGE Publications
ISSN1049-7315
Digital Object Identifier (DOI)https://doi.org/10.1177/10497315241312889
Scopus EID2-s2.0-85215127181
Page range1-8
Publisher's version
License
All rights reserved
File Access Level
Controlled
Output statusIn press
Publication dates
Online13 Jan 2025
Publication process dates
Deposited27 Mar 2025
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