Perceived Adequacy of Resources
Measures of perceived adequacy of resources capture one’s perception of having enough financial resources to meet basic needs and financial obligations.
Measure
Source: Rettig KD, Leichtentritt RD, Danes SM. The effects of resources, decision making, and decision implementing on perceived family well-being in adjusting to an economic stressor. Journal of Family and Economic Issues. 1999;20(1):5-34.
Psychometric properties:
Cronbach’s alpha = 0.70 (Men)
Cronbach’s alpha = 0.64 (Women)
Thinking about the future, five years from now, how do you expect your financial condition to be?
- Much worse
- Somewhat worse
- About the same
- Somewhat better
- Much better
Thinking about your income, how do you feel about the adequacy of that income?
- Not at all adequate
- Somewhat adequate
- Just enough
- Can afford some things that I want
- Can afford about everything wanted
How much control do you feel over your financial situation?
- Very much out of control
- Somewhat out of control
- Fluctuating
- Somewhat in control
- Very much in control
Measure
Source: Budescu M, Taylor RD. Order in the home: Family routines moderate the impact of financial hardship. Journal of Applied Developmental Psychology. 2013;34(2):63-72.
Dunst CJ, Leet HE. Measuring the adequacy of resources in households with young children. Child: Care, Health and Development. 1987;13:111–125.
Psychometric properties: These items were selected from the basic needs domain of the Family Resources Scale, with Cronbach’s alpha ~ .80.
I have adequate resources for two meals a day.
- Not at all adequate
- Slightly adequate
- Somewhat adequate
- Moderately adequate
- Always adequate
I have adequate financial resources to pay monthly bills.
- Not at all adequate
- Slightly adequate
- Somewhat adequate
- Moderately adequate
- Always adequate
Measure
Source: Ho CS, Lempers JD, Clark-Lempers DS. Effects of economic hardship on adolescent self-esteem: A family mediation model. Adolescence. 1995;30(117):117-131.
Psychometric properties: Cronbach’s alphas = 0.88 and 0.90 (For fathers and mothers of girls’ data)
Cronbach’s alphas = 0.87 and 0.85 (For fathers and mothers of boys’ data)
Yes | No | |
---|---|---|
We have enough money for the kind of food our family should have | ||
We have enough money for the kind of medical care our family should have | ||
We have enough money for the kind of clothing we should have | ||
We have enough money for the leisure activities we like | ||
We are able to afford furniture or household equipment that needs to be replaced | ||
Our money never seems to be enough for what we want |