Abstract

Vietnamese Undergraduate Students' Coping with Financial Anxiety in Reality

Finance is ubiquitous and has a significant impact on our lives. In addition, it has a significant impact on people's life, even focusing on psychological issues like anxiety. Human material requirements are increasing in today's fast-growing civilization; therefore, financial anxiety has grown in popularity. Since then, topics surrounding financial anxiety have gotten a lot of attention and have been systematically researched. This survey aims to determine the extent to which Vietnamese undergraduate students are aware of financial anxiety. To shed light on the subject, studies and records on financial anxiety in countries and particularly on financial concern in undergraduates have been collated. 955 Vietnamese students from universities, representing various disciplines were surveyed. Standardized psychological tools were utilized to evaluate financial anxiety and coping styles to ascertain their awareness of and response to financial anxiety. The results indicated that the level of financial anxiety and response (COPE) was average, ranging between 2.61 and 3.40 on the questionnaire. Additionally, anxiety levels vary significantly between students of a variety of academic years and disciplines. To summary, our research indicates that there is now little financial anxiety among Vietnamese undergraduate students. However, because financial anxiety is the primary source of stress, several activities to assist and care for Vietnamese students' mental health are necessary to ease this concern to a certain extent.

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