financial anxiety

Financial literacy is a globally recognized priority, acknowledged for its significance in various countries. The present study endeavors to investigate the influence of financial literacy on Risk Tolerance and financial anxiety among teachers of English as a second language   in Iranian Public Schools. The focal point of this investigation revolves around the mediating responsibilities associated with Spending management. To gather the necessary data, an online survey was conducted, collecting responses from a total of 214 participants. Through an extensive exploratory and confirmatory factor analysis, these data were analyzed. As a result, two hypotheses were found to be invalid; it was determined that financial literacy plays a pivotal role in shaping saving attitudes and managing spending habits. Furthermore, it was observed that both saving attitudes and financial anxiety significantly affect one's risk tolerance level.

Objective: Financial anxiety can affect the lives of many people, but in the literature, especially in Iran, it has not received much attention. The aim of this study was to determine the mediating role of financial anxiety in the relationship between coping strategies and marital stress. Methods:  The statistical population of the study is married people in Isfahan city. The Research method was correlation-path analysis. By convenience sampling method, 200 people were selected and completed the Financial Anxiety Questionnaire (FAQ), Coping Strategies Questionnaire (CISS), and Marital Stress Scale (MSS). Amos-24 software was used for the final evaluation of the model. Results: Findings showed that problem-focused coping strategy and emotion-focused coping strategy indirectly affect marital stress through financial anxiety in married people. The normalized chi-square index is 1.34, the root of the mean squared error (RMSEA) is 0.04, and CFI = 0.99, TLI = 0.96, GFI = 0.99, and NFI = 0.98. Then it can be claimed that the model has a good fit. Conclusion: Based on the results of this study, it can be said that the coping strategies that people use to deal with stressful situations affect their financial anxiety and, subsequently, their marital stress.