, Volume 91, Issue 2, pp 283-298
Date: 10 Jul 2008

Financial Stress, Shaming Experiences and Psychosocial Ill-Health: Studies into the Finances-Shame Model

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Abstract

The aim of the study was to test the Finances-Shame model and its explanatory power regarding the prevalence of psychosocial ill-health. The Finances-Shame model postulates that (i) the greater the financial stress and the more experiences of having been shamed, the greater the risk for psychosocial ill-health, (ii) the lesser the financial stress and the fewer experiences of having been shamed, the lower the risk for psychosocial ill-health. The study was based upon a survey carried out during the period March 2000–May 2000 in a mid-Swedish region (n = 5,666). The response rate was 69%. The results of the study supported the hypotheses.