Financial wellbeing

Single Wave Study

General Information

Title
Financial wellbeing
Project Number
305
Abstract
This project studies financial wellbeing in participates aged 25 – 65.
Longitudinal Type
Single Wave Study
Begin date
06-09-2021
End date
28-09-2021
Researcher
Jenna Barrett (Maastricht University)
Publisher
Centerdata
Copyright
© 2023 Centerdata
DOI
https://doi.org/10.57990/vva6-b905
Funding Organization
ODISSEI
Maastricht University
OCW (Domeinplan SSH)

Datasets and documentation

View Documentation

Codebook in English
Codebook in Dutch

Data Files

English SPSS file
English STATA file
English CSV file

Variables

Variable name Variable Label
nomem_encrNumber of the household member encrypted
ve21a_mYear and month of the field work period
ve21a001Random number: did the respondent first see question block ve21a002 - ve21a006 and then question block ve21a007 - ve21a016 or vice versa?
ve21a002I can enjoy life because of the way I’m managing my finances
ve21a003I could handle a major unexpected expense
ve21a004I feel on top of my day to day finances
ve21a005I am comfortable with my current levels of spending
ve21a006I am on track to have enough money to provide for my financial needs in the future
ve21a007I am becoming financially secure
ve21a008I am securing my financial future
ve21a009I will achieve the financial goals that I have set for myself
ve21a010I have saved (or will be able to save) enough money to last me to the end of my life.
ve21a011I will be financially secure until the end of my life.
ve21a012Because of my money situation, I feel I will never have the things I want in life.
ve21a013I am behind with my finances
ve21a014My finances control my life
ve21a015Whenever I feel in control of my finances, something happens that sets me back
ve21a016I am unable to enjoy life because I obsess too much about money
ve21a017Can you indicate how many euros your household spends on average, per month for the following categories? Housing expenses (rent or mortgage)
ve21a018Can you indicate how many euros your household spends on average, per month for the following categories? Energy costs & Local tax
ve21a019Can you indicate how many euros your household spends on average, per month for the following categories? Insurance
ve21a020Can you indicate how many euros your household spends on average, per month for the following categories? Subscriptions & Telecom
ve21a021Can you indicate how many euros your household spends on average, per month for the following categories? Education
ve21a022Can you indicate how many euros your household spends on average, per month for the following categories? Transportation
ve21a023Can you indicate how many euros your household spends on average, per month for the following categories? Other fixed expenses
ve21a024Can you indicate how many euros your household spends on average, per month for the following categories? Clothes and shoes
ve21a025Can you indicate how many euros your household spends on average, per month for the following categories? Inventory, house and garden
ve21a026Can you indicate how many euros your household spends on average, per month for the following categories? Medical costs not covered by insurance
ve21a027Can you indicate how many euros your household spends on average, per month for the following categories? Leisure expenses
ve21a028Can you indicate how many euros your household spends on average, per month for the following categories? Household expenses (groceries)
ve21a029Can you indicate how many euros your household spends on average, per month for the following categories? Other variable expenses
ve21a030How much savings does your household have?
ve21a031How much debt does your household have? (this does not include any mortgage)
ve21a032I admire people who own expensive homes, cars, and clothes
ve21a033The things I own say a lot about how well I’m doing in life
ve21a034Buying things gives me a lot of pleasure
ve21a035I like a lot of luxury in my life
ve21a036My life would be better if I owned certain things I don’t have
ve21a037I’d be happier if I could afford to buy more things
ve21a038I always pay a lot of attention to how I do things compared with how others do things
ve21a039I often compare how I am doing socially (e.g., social skills, popularity) with other people
ve21a040I am not the type of person who compares often with others
ve21a041I often try to find out what others think who face similar problems as I face
ve21a042I always like to know what others in a similar situation would do
ve21a043If I want to learn more about something, I try to find out what others think about it
ve21a044I am saving enough to retire comfortably
ve21a045I expect a good retirement income
ve21a046Do you think you will have enough money to retire comfortably?
ve21a047If I compare myself with my friends and acquaintances, I think in general I am financially better off
ve21a048I am good at resisting temptation
ve21a049I have a hard time breaking bad habits
ve21a050I do certain things that are bad for me, if they are fun
ve21a051I wish I had more self-discipline
ve21a052Pleasure and fun sometimes keep me from getting work done
ve21a053Sometimes I can’t stop myself from doing something, even if I know it is wrong
ve21a054I often act without thinking through all the alternatives
ve21a055People would say that I have iron self-discipline
ve21a056I know how to make complex financial decisions
ve21a057I am able to make good financial decisions that are new to me
ve21a058I know how to get myself to follow through on my financial intentions
ve21a059I am able to recognize a good financial investment
ve21a060I know how to keep myself from spending too much
ve21a061I know how to make myself save
ve21a062I know where to find the advice I need to make decisions involving money
ve21a063I know when I do not have enough information to make a good decision involving my money
ve21a064I know when I need advice about my money
ve21a065I struggle to understand financial information
ve21a066How I feel about my financial situation is the same as my real financial situation
ve21a067Have you experienced any changes in the financial situation of your household in the last 3 months?
ve21a068Was it difficult to answer the questions?
ve21a069Were the questions sufficiently clear?
ve21a070Did the questionnaire get you thinking about things?
ve21a071Was it an interesting subject?
ve21a072Did you enjoy answering the questions?
ve21a073Starting date questionnaire
ve21a074Starting time questionnaire
ve21a075End date questionnaire
ve21a076End time questionnaire
ve21a077Duration in seconds

Response Information

Response Overview
Selected number of household members: 1,430 (100.0%)
Non-response: 203 (14.2%)
Response: 1,227 (85.8%)
Complete: 1,210 (84.6%)
Incomplete: 17 (1.2%)
Collection Events
Period
06-09-2021 to 28-09-2021
Sample
A random sample of panel members aged 25 – 65 who filled in the core questionnaire Income. Also, only 1 member per household was selected.
Collection Mode
internet survey
Fieldwork Note
A reminder was sent twice to non-respondents.

Publications

Wright, A. J., et al. (2023). Do changes in personality predict life outcomes?. Journal of Personality and Social Psychology: Personality Processes and Individual Differences, 125(6), 1495-1518.
Wright, A. J., et al. (2024). The associations between life events and person-centered personality consistency. Journal of Personality, 92(1), 162–179.
Wright, A. J., et al. (2024). Longitudinal within-person variability around personality trajectories. Journal of Personality and Social Psychology, first published online 2024.