Table 3.
Factor correlations for the CFA and ESEM measurement models estimated for the MSFWBS.
| CFA | ESEM | |||||||
|---|---|---|---|---|---|---|---|---|
| HM | PC | GS | MM | HM | PC | GS | MM | |
| PC | −0.801** | −0.487** | ||||||
| GS | −0.806** | 0.856** | −0.612* | 0.696** | ||||
| MM | −0.669** | 0.720** | 0.879** | −0.345** | 0.347 | 0.579 | ||
| FF | −0.675** | 0.772** | 0.871** | 0.903** | −0.534** | 0.498 | 0.691** | 0.546* |
CFA, Confirmatory factor analysis; ESEM, Exploratory structural equation modeling; HM, Having money; PC, Peer Comparison; GS, General subjective financial well-being; MM, Money Management; FF, Financial future.
p ≤ 0.05 and
p ≤ 0.01.