The Financial Well-Being Scale: Reliability, Validity, and Clinical Correlates Among Childhood Trauma Survivors

Chak Hei Ocean Huang, Rachel Hoi Laam Leung, Ka Yan Sit, Tsz Ying Nathalie Tsui, Janet Yuen Ha Wong, Hong Wang Fung

Research output: Journal article publicationJournal articleAcademic researchpeer-review

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.

Original languageEnglish
JournalResearch on Social Work Practice
DOIs
Publication statusAccepted/In press - 2025

Keywords

  • childhood trauma
  • complex PTSD
  • depression
  • Financial well-being
  • posttraumatic stress disorder (PTSD)

ASJC Scopus subject areas

  • Social Sciences (miscellaneous)
  • Sociology and Political Science
  • General Psychology

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