Psy-8740 Final Research Paper - California Southern University

This study source was downloaded by 100000865965430 from CourseHero.com on 06-14-2023 08:32:23 GMT -05:00https://www.coursehero.com/file/198395404/04072023-Activity-Final-Paper-DRAFTPDF/ 1 Higher Education Positively Impacts A Person's Financial Comfort Sandy Kochan School of Behavioral Sciences, California Southern University PSY-8740-8A: Statistical Methods and Analysis Dr. Jamie Mills April 7, 2023This study source was downloaded by 100000865965430 from CourseHero.com on 06-14-2023 08:32:23 GMT -05:00https://www.coursehero.com/file/198395404/04072023-Activity-Final-Paper-DRAFTPDF/ 2 Higher Education Positively Impacts A Person's Financial Comfort Financial comfort emerges when an individual is able to satisfy financial obligations and is financially secure for their future, allowing them to enjoy everyday life (Consumer Financial Protection Bureau, 2015). Various factors may influence a person's financial comfort or lack thereof, thus causing other life problems to materialize. For example, the lack of financial comfort dramatically influences people's decision-making and ability to purchase basic needs like shelter and food without feeling stressed. Financial struggle or hardship often causes people to worry about whether they can make ends meet, repossession and foreclosure, and the humiliation of being incapable of supporting their family. Moreover, an astonishing 72% of adults report feeling worried about money, whether about paying rent or the heavy debt burden (APA, 2017), which is significant since financial stress is connected to health issues (Tran