article

Debt, Religious Beliefs, and Life Satisfaction

Authors

• • David A Ammerman
  • Georgetown University
• • Cherie Stueve
  • Kansas State University
• • Stephen Hayward
  • West Texas A&M University

Abstract

The purpose of this study was to explore religious factors as a resource for coping with indebtedness. Using a sample (n = 3,174) extracted from the Health and Retirement Study (HRS), we examined the relationship between household debt and life satisfaction, and tested for stress-buffering (i.e., moderation) from religious identification, religious beliefs, and prayer frequency. Results suggest that some religious factors may play a small role in moderating the relationship between indebtedness and life satisfaction, and that such moderation is itself dependent on one’s religious identification. Implications for practice (particularly faith-based providers of financial counseling) and recommendations for future research are discussed.

Keywords: Life satisfaction, debt, religiosity, complex data analysis

How to Cite: Ammerman, D. A. , Stueve, C. & Hayward, S. (2019) “Debt, Religious Beliefs, and Life Satisfaction”, Journal of Financial Therapy. 10(2). doi: https://doi.org/10.4148/1944-9771.1195