Economic Hardship, Academic Performance and Psychological Well-Being among University Students

Abstract

The current study aimed to explore the relationship between economic hardship, psychological well-being, and academic performance among university students. A sample of 230 university students was taken out and they belong from different universities of Faisalabad. Academic Performance Scale by Joo et al. (2008), Psychological Well-Being Scale and Economic Strain Questionnaire were used to collect data. The results reveled that there is a significant negative correlation between the psychological well-being and the academic performance suggesting that higher psychological well-being is associated with lower academic performance. Additionally, there was a significant positive correlation between the psychological well-being and the economic hardship indicating that greater economic hardship is linked to better psychological well-being. The results showed that economic hardship was a significant predictor of academic performance with higher economic hardship associated with lower academic performance. Psychological well-being was also a significant predictor, with higher psychological well-being associated with higher academic performance.