Table 4.
Standardized parameter estimates from the alternative measurement models estimated for the MSFWBS.
| Item | CFA | Bifactor CFA | ESEM | Bifactor ESEM | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| λ | δ | G-λ | S-λ | δ | HM λ | PC λ | GS λ | MM λ | FF λ | δ | G-λ | HM λ | PC λ | GS λ | MM λ | FF λ | δ | |
| HM1 | 0.858 | 0.256 | −0.623 | 0.429 | 0.230 | 0.609 | −0.047 | −0.176 | 0.027 | −0.075 | 0.230 | −0.670 | 0.428 | −0.001 | 0.020 | 0.073 | −0.019 | 0.228 |
| HM2 | 0.720 | 0.299 | 0.59 | 0.076 | 0.287 | 0.111 | −0.282 | −0.489 | 0.137 | −0.007 | 0.287 | −0.692 | 0.024 | 0.041 | 0.119 | 0.185 | 0.080 | 0.276 |
| HM3 | 0.869 | 0.243 | −0.649 | 0.602 | 0.184 | 0.763 | −0.047 | −0.062 | −0.093 | 0.008 | 0.184 | −0.678 | 0.537 | 0.030 | −0.013 | −0.006 | 0.022 | 0.184 |
| PC1 | 0.866 | 0.250 | 0.744 | −0.582 | 0.285 | −0.177 | 0.599 | −0.076 | 0.171 | 0.181 | 0.285 | 0.757 | −0.065 | −0.385 | −0.066 | 0.035 | 0.044 | 0.268 |
| PC2 | −0.748 | 0.412 | −0.610 | 0.299 | 0.419 | 0.195 | −0.497 | −0.037 | −0.015 | −0.114 | 0.419 | −0.643 | 0.086 | 0.345 | 0.003 | 0.090 | −0.009 | 0.385 |
| PC3 | −0.713 | 0.137 | −0.577 | −0.29 | 0.202 | −0.057 | −0.665 | −0.257 | 0.095 | −0.013 | 0.202 | −0.675 | −0.110 | 0.298 | 0.171 | 0.193 | 0.102 | 0.216 |
| GS1 | 0.776 | 0.398 | 0.706 | 0.337 | 0.334 | −0.057 | 0.399 | 0.372 | 0.049 | 0.066 | 0.334 | 0.807 | 0.030 | −0.078 | −0.223 | −0.038 | −0.053 | 0.288 |
| GS2 | −0.703 | 0.477 | −0.645 | −0.208 | 0.442 | 0.200 | −0.166 | −0.460 | −0.022 | 0.028 | 0.442 | −0.706 | 0.087 | 0.044 | −0.016 | 0.061 | 0.079 | 0.443 |
| GS3 | 0.800 | 0.360 | 0.732 | 0.331 | 0.351 | −0.165 | 0.140 | 0.519 | 0.065 | 0.040 | 0.351 | 0.803 | −0.055 | 0.002 | −0.005 | −0.022 | −0.040 | 0.350 |
| GS4 | 0.849 | 0.279 | 0.796 | 0.306 | 0.257 | 0.082 | 0.161 | 0.602 | 0.103 | 0.166 | 0.257 | 0.850 | 0.133 | −0.004 | 0.022 | 0.014 | 0.034 | 0.258 |
| GS5 | −0.663 | 0.556 | −0.622 | −0.157 | 0.431 | 0.141 | 0.252 | −0.765 | −0.062 | 0.044 | 0.431 | −0.646 | 0.047 | −0.156 | −0.286 | 0.013 | 0.062 | 0.405 |
| GS6 | 0.825 | 0.319 | 0.823 | 0.146 | 0.283 | 0.003 | −0.077 | 0.606 | 0.243 | 0.164 | 0.283 | 0.805 | 0.072 | 0.034 | 0.269 | 0.127 | 0.065 | 0.253 |
| GS7 | 0.666 | 0.557 | 0.648 | 0.127 | 0.440 | −0.479 | 0.128 | 0.069 | 0.042 | 0.183 | 0.440 | 0.660 | −0.327 | −0.095 | 0.034 | −0.023 | 0.092 | 0.438 |
| GS8 | 0.888 | 0.211 | 0.834 | 0.303 | 0.218 | −0.088 | 0.113 | 0.593 | 0.149 | 0.077 | 0.218 | 0.877 | 0.012 | −0.022 | 0.103 | 0.032 | −0.015 | 0.218 |
| GS9 | 0.869 | 0.244 | 0.816 | 0.308 | 0.202 | 0.003 | −0.075 | 0.834 | 0.091 | 0.076 | 0.202 | 0.866 | 0.079 | 0.093 | 0.215 | −0.012 | −0.014 | 0.188 |
| GS10 | 0.833 | 0.306 | 0.759 | 0.369 | 0.280 | −0.062 | 0.173 | 0.604 | 0.013 | 0.092 | 0.280 | 0.851 | 0.022 | 0.031 | −0.053 | −0.070 | −0.019 | 0.266 |
| MM1 | 0.863 | 0.256 | 0.778 | −0.48 | 0.234 | −0.005 | 0.080 | 0.171 | 0.682 | 0.062 | 0.234 | 0.727 | 0.068 | 0.063 | −0.047 | 0.535 | 0.013 | 0.174 |
| MM2 | 0.809 | 0.346 | 0.746 | 0.332 | 0.353 | −0.041 | 0.030 | 0.378 | 0.464 | 0.022 | 0.353 | 0.748 | 0.035 | 0.140 | −0.071 | 0.339 | −0.029 | 0.298 |
| MM3 | 0.840 | 0.295 | 0.844 | 0.092 | 0.262 | −0.179 | −0.023 | 0.148 | 0.439 | 0.299 | 0.262 | 0.757 | −0.089 | −0.030 | 0.193 | 0.307 | 0.187 | 0.251 |
| MM4 | 0.918 | 0.157 | 0.851 | 0.311 | 0.170 | −0.035 | 0.038 | 0.234 | 0.618 | 0.139 | 0.170 | 0.788 | 0.038 | 0.035 | 0.072 | 0.438 | 0.072 | 0.174 |
| FF1 | 0.748 | 0.440 | 0.694 | 0.309 | 0.391 | 0.061 | 0.176 | −0.018 | 0.083 | 0.676 | 0.391 | 0.651 | 0.056 | −0.098 | −0.016 | 0.077 | 0.406 | 0.392 |
| FF2 | 0.641 | 0.589 | 0.583 | 0.660 | 0.286 | 0.044 | −0.106 | −0.044 | −0.107 | 0.993 | 0.286 | 0.543 | −0.007 | 0.077 | −0.010 | 0.004 | 0.645 | 0.282 |
| FF3 | 0.570 | 0.676 | 0.529 | 0.512 | 0.427 | −0.024 | −0.078 | 0.138 | −0.252 | 0.797 | 0.427 | 0.550 | −0.046 | 0.120 | −0.087 | −0.134 | 0.507 | 0.398 |
| FF4 | 0.850 | 0.278 | 0.853 | −0.077 | 0.262 | −0.052 | 0.165 | 0.089 | 0.544 | 0.203 | 0.262 | 0.750 | 0.027 | −0.153 | 0.170 | 0.362 | 0.110 | 0.242 |
| FF5 | 0.876 | 0.233 | 0.830 | 0.133 | 0.279 | −0.018 | 0.105 | 0.030 | 0.371 | 0.490 | 0.279 | 0.733 | 0.024 | −0.126 | 0.157 | 0.262 | 0.305 | 0.260 |
λ, Standardized factor loading; δ, Standardized item uniquenesses; G-, Global factor from a bifactor measurement model; S-, Specific factors from a bifactor measurement model; 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; Item labels are reported in Appendix; Main ESEM (target) factor loadings are bolded; Non statistically significant parameters are marked in italics (p > 0.05).