Scholarlink

Background <p>Financial well-being is increasingly recognized as a central dimension of overall well-being, yet few culturally adapted instruments exist to measure its subjective aspects in Latin America.</p> Aim <p>This study aimed to adapt and validate the <i>Multidimensional Subjective Financial Well-Being Scale</i> (MSFWBS) for use with the Mexican adult population, ensuring linguistic, cultural, and psychometric equivalence.</p> Method <p>Following international cross-cultural adaptation guidelines, the 25-item MSFWBS was translated and administered to 501 Mexican adults. Exploratory (EFA) and confirmatory (CFA) factor analyses were performed on split subsamples. Reliability was assessed using McDonald’s omega, while validity was examined through correlations with life satisfaction and perceived stress, latent-level convergent and discriminant validity indices (AVE, CR), measurement invariance, and known-groups comparisons.</p> Results <p>The original five-factor structure was supported, demonstrating excellent incremental fit (CFI = 0.994; TLI = 0.993) and acceptable absolute fit (RMSEA = 0.071; SRMR = 0.062). Internal consistency was excellent for the total scale (ωₜ = 0.95). Convergent and criterion-related validity were supported through strong correlations with Satisfaction with Life Scale (SWLS) (<i>r</i> = .71, <i>p</i> &lt; .001) and negative associations with Perceived Stress Scale (PSS) (<i>r</i> = –.41, <i>p</i> &lt; .001), as expected.</p> Conclusion <p>The Mexican version of the MSFWBS demonstrates robust factorial validity, reliability, and cultural relevance. It provides a psychometrically sound instrument for assessing subjective financial well-being in Mexico and supports cross-cultural comparisons in financial psychology.</p>

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

Cross-cultural adaptation and validation of the Multidimensional Subjective Financial Well-Being Scale (MSFWBS) for the Mexican adult population

  • 期刊论文

  • 出版模式：

    开放获取

  • 发表日期：

    2026年3月23日

查看全文
  • Jessica Garneau,
  • Annick Parent-Lamarche

摘要

Background

Financial well-being is increasingly recognized as a central dimension of overall well-being, yet few culturally adapted instruments exist to measure its subjective aspects in Latin America.

Aim

This study aimed to adapt and validate the Multidimensional Subjective Financial Well-Being Scale (MSFWBS) for use with the Mexican adult population, ensuring linguistic, cultural, and psychometric equivalence.

Method

Following international cross-cultural adaptation guidelines, the 25-item MSFWBS was translated and administered to 501 Mexican adults. Exploratory (EFA) and confirmatory (CFA) factor analyses were performed on split subsamples. Reliability was assessed using McDonald’s omega, while validity was examined through correlations with life satisfaction and perceived stress, latent-level convergent and discriminant validity indices (AVE, CR), measurement invariance, and known-groups comparisons.

Results

The original five-factor structure was supported, demonstrating excellent incremental fit (CFI = 0.994; TLI = 0.993) and acceptable absolute fit (RMSEA = 0.071; SRMR = 0.062). Internal consistency was excellent for the total scale (ωₜ = 0.95). Convergent and criterion-related validity were supported through strong correlations with Satisfaction with Life Scale (SWLS) (r = .71, p < .001) and negative associations with Perceived Stress Scale (PSS) (r = –.41, p < .001), as expected.

Conclusion

The Mexican version of the MSFWBS demonstrates robust factorial validity, reliability, and cultural relevance. It provides a psychometrically sound instrument for assessing subjective financial well-being in Mexico and supports cross-cultural comparisons in financial psychology.