%0 Journal Article
%T InCharge Financial Distress/Financial Well-Being Scale: Development, Administration, and Score Interpretation
%A Aimee D. Prawitz
%A E. Thomas Garman
%A Benoit Sorhaindo
%A Barbara O'Neill
%J Journal of Financial Counseling and Planning
%D 2006
%I Association for Financial Counseling and Planning Education
%X This article describes development of the InCharge Financial Distress/Financial Well-Being Scale, designed to measure a latent construct representing responses to one's financial state on a continuum ranging from overwhelming financial distress/lowest level of financial well-being to no financial distress/highest level of financial well-being. It describes a formative Delphi study, validity criteria and testing, factor analysis, Cronbach's alpha coefficients, administration instructions, norming of the data and score interpretation, and implications for use.
%K Economic stress
%K Financial distress
%K Financial stress
%K Financial well-being
%K Personal finance
%U http://www.afcpe.org/assets/pdf/vol1714.pdf