Gender Difference in The Prevalence of Financial Stress, Anxiety and Depression Among South-East Nigerian University Students

  • Peter Nweke Ebonyi State University
  • Njideka Dorathy Eneogu
  • Amos Nnaemeka Amedu University of Johannesburg, South Africa

Abstract

Gender has been identified as a predictor of mental health (stress, anxiety, depression) among university students. This study determined gender influence on the prevalence of financial stress, anxiety, and depression among undergraduate students studying Economics education in South-East public universities. The study employed ex post facto design. The population studied was 1,116 Economics education undergraduate students. The sample consisted of 294 respondents, which was gotten using Yamene’s (1967) sample size determination formula and selected using a multi-stage sampling technique. The study was guided by 3 research questions and 3 hypotheses. Financial Stress, Anxiety, and Depression Scale (FSADS) was used in gathering data. The reliability estimate of the instrument was 0.96 gotten using Cronbach Alpha. Research questions and hypotheses were tested using mean and t-tests at 0.05 level of significance respectively. The finding showed that students’ gender did not influence the prevalence of financial stress, anxiety, and depression among Economics education undergraduate students. It was recommended among other things that; improvement in the fund given to the students by their sponsors should be for all students because the financial challenges faced by the students are not gender-based.

References

Al-Qaisy, L. M. (2011). The relation of depression and anxiety in academic achievement among group of university students. International Journal of Psychology and Counselling 3(5), 96-100
Archuleta, K. L., Dale, A., & Spann, S. M. (2013). College Students and Financial Distress: Exploring debt, financial satisfaction, and financial anxiety. Journal of Financial Counseling and Planning, 24(2), 50-62. Retrieved from https://files.eric.ed.gov/fulltext/EJ1043230.pdf
Britt, S.L., Ammerman, D.A., Barrett, S.F., & Jones, S. (2017). Student loans, financial stress, and college student retention. Journal of Student Financial Aid, Article 3. Retrieved from http://publications.nasfaa.org/jsfa/vol47/iss1/3.
Canadian Institute of Health Research (2020). What is Gender? What is Sex? Retrieved from https://cihr-irsc.gc.ca/e/48642.html on December 19, 2023
Canning, K. (2017). Stressed About Your Salary, Debt, or Spending Habits? Here’s What to Know About Financial Anxiety. Retrieved from https://www.health.com/condition/anxiety/financial-anxiety-money-stress on December 19, 2023
Ghosh. S. (2020). Gender Identity. Medscape. Retrieved from https://emedicine.medscape.com/article/917990-overview on December 19, 2023
Gibson, L. E., Anglin, D. M., Klugman, J. T., Reeves, L. E., Fineberg, A. M., Maxwell, & Ellman, L. M. (2014). Stress sensitivity mediates the relationship between traumatic life events and attenuated positive psychotic symptoms differentially by gender in a college population sample. Journal of Psychiatric Research, 53, 111 118. Doi:10.1016/j.jpsychires.2014.02.020
Goldman, L. (2019). What is depression and what can I do about it? MedicalNewsToday. Retrieved from https://www.medicalnewstoday.com/articles/8933 on December 19, 2023
Hicks, S. P. (2021). Financial Stress in Undergraduate Students. Dissertation submitted to Walden University. Walden Dissertations and Doctoral Studies. Retrieved from https://scholarworks.waldenu.edu/dissertations on December 12, 2023.
Jones, K., Mendenhall, S., & Myers, C. (2016). The effects of sex and gender role identity on perceived stress and coping among traditional and nontraditional students. Journal of American College Health, 64(3), 205-213. Doi:10.1080/07448481.2015.1117462
Joshi, R. (2013). Stress and anxiety among college going first-year male and female students. Indian Journal of Health and Wellbeing, 4(8), 1537-1540. http://www.ischolar.in/index.php/ijhw/article/view/147503
Sarokhan, Delpisheh, Veisani, Sarokhani, Manesh & Kayehmiri (2013). Prevalence of Depression among University Students: A Systematic Review and Meta-Analysis Study. Hindawi Publishing Corporation. https://doi.org/10.1155/2013/373857
Thorpe, J. R. (2019). An Expert Reveals How To Tell If Your Money Worries Are Typical Stress Or Financial Anxiety. Retrieved from https://www.bustle.com/p/the-difference-between-financial-anxiety-typical-money-stress-shows-up-in-these-7-ways-17140505 on December 19, 2023
Wilcox, H. C. Arria, A. M. Caldeira, K. M. Vincent, K. B. Pinchevsky, G. M. O’Grady, K. E. (2012). Longitudinal predictors of past-year non-suicidal self-injury and motives among college students. Psychological medicine. 42(4):717-26.
World Health Organization (2017). Depression and Other Common Mental Disorders; Global Health Estimates. Retrieved from https://apps.who.int/iris/bitstream/handle/10665/254610/WHO-MSD-MER-2017.2-eng.pdf on December 19, 2023
Yamane, T. (1973). Statistics: An Introductory Analysis. 3rd Edition, Harper and Row, New York.
Published
2025-05-20
How to Cite
NWEKE, Peter; ENEOGU, Njideka Dorathy; AMEDU, Amos Nnaemeka. Gender Difference in The Prevalence of Financial Stress, Anxiety and Depression Among South-East Nigerian University Students. Soedirman Economics Education Journal, [S.l.], v. 7, n. 1, p. 1-21, may 2025. ISSN 2686-6277. Available at: <https://jos.unsoed.ac.id/index.php/seej/article/view/14003>. Date accessed: 02 june 2025. doi: https://doi.org/10.32424/seej.v7i1.14003.
Section
Articles