ArticleStress and health : journal of the International Society for the Investigation of Stress2025
Understanding the Effect of Financial Behaviour on Mental Health: Evidence From Australia.
Article in Stress and health : journal of the International Society for the Investigation of Stress, 2025. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Not yet cited in PubMed.
What it found
Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.
The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.
The trial behind it
Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.
Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.
Who cites it
0 citing papers in PubMed.
No citing paper in PubMed yet.
Corrections and comments
PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.
Authors and funding
4 authors.
Funding
No grant is acknowledged in the PubMed record.
Abstract
This paper uses the Household, Income and Labour Dynamics in Australia (HILDA) data from 2001 to 2022 to examine the relationship between individual financial behaviours and mental health. Two distinct types of financial behaviours (savings and debt) and their relationship with mental health (as measured by Mental Health Inventory-5) are considered over several annual waves. We examine causality between the two variables utilising an instrumental variable approach and find that stable financial behaviour significantly improves the mental health of individuals. Specifically, maintaining regular savings habits and making timely payments on credit card bills have a positive impact on the mental health of individuals. Furthermore, the impact of savings behaviour on mental health is stronger for men than women. Our results are robust to alternative measures of subjective wellbeing and estimation techniques. The findings from this study have substantial policy implications, indicating that stable financial habits can significantly contribute to improving mental health, which in turn can lead to higher productivity and employment.
Indexed as
Identifiers
What OpenQuestion holds
Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.