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Full-Text Articles in Social Statistics
Factor Analysis Of The Financial Strain Index From The Welfare, Children And Families: A Three-City Study, Wave 3, Sally A. Hageman, Ji Hyang Cheon
Factor Analysis Of The Financial Strain Index From The Welfare, Children And Families: A Three-City Study, Wave 3, Sally A. Hageman, Ji Hyang Cheon
Journal of Financial Therapy
This paper uses the Welfare, Children, and Families: A Three-City Study data. The three cities included are Boston, Chicago, and San Antonio. The total sample size was n = 1,773, and almost all respondents were female caregivers (99%). An Exploratory Factor Analysis (EFA) on the financial strain index was conducted because previous research reporting an EFA is limited. The financial strain construct was examined using a Principal Component Analysis (PCA) in two Structural Equation Models (SEMs) and a recursive path analysis estimated by ordinary least squares regression. These previous articles provide the theoretical basis for the EFA reported in this …