Counseling and Planning

The Journal of the Association for Financial
Counseling and
Planning Education

Volume 14 (1), 2003

Financial Stress and
Absenteeism: An Empirically
Derived Model

Jinhee Kim

and E Thomas Garman (2)

This paper examines the relationship between financial stress and
absenteeism. A conceptual model
was derived from a Health Promotion Model and empirically tested to
investigate relationships
among determinants (individual characteristics), stress (financial
stress), physical and psychological
responses (organizational commitment and health), and absenteeism.
Using data from white-collar
workers at an insurance company in three mid-western states, this
research determined that
financial stress was negatively related to organizational commitment
and was positively associated
with absenteeism. Employers might reduce employee absenteeism and
improve organizational
commitment by helping employees reduce financial stress through
effective workplace financial
education programs.

words: Financial stress, Absenteeism, Workplace,Financial Education

1. Jinhee Kim, Assistant Professor
and Extension Specialist, University of Maryland, Department of Family
Studies, 1204 MarieMount Hall, College Park, MD 20742-7515, phone:
301-405-3500, fax: 301-314-9161, e-mail:

2. E.
Thomas Garman, Professor Emeritus, Virginia Tech University, 8044 Rural
Retreat Court, Orlando,
FL 32819, phone: 407-363-9048; e-mail: