Abstract
The Global financial crisis of 2008 raised huge disturbance on the trend of individual employment as well as one’s psychological health around the globe. Pakistan is confronted with the challenges of financial threats in the form of low GDP, increasing inflation and rising unemployment. Pakistan is facing various categories of macroeconomic complications e.g. joblessness, less per capita income, inflationary pressure etc. Approximately more than 3.5 million people of Pakistan are jobless, because of this Pakistan is facing 6% unemployment rate. Inflationary rate was 10.8 % in 2012. Therefore, the purpose of this study was to explore the relationship between financial threat and individual’s motivations to change one’s financial behavior in Pakistan. This study examined the determinants of the financial threat through the sample of the business graduates of Pakistan. Different descriptive and inferential statistical techniques were applied to examine the collected data. The results of the structural equation modeling described that anxiety was significantly associated with financial threat while financial threat was also related to the one’s willingness to change. However, economic hardship was negatively related with financial threat. On the other hand, it was positively associated with willingness to change. Additionally, financial threat mediated the association among anxiety and willingness to change. This research has made valuable contribution in the existing literature and provided various policy and practical suggestions to address the problems which are facing by the university graduates related to their financial threat

Muhammad Ishtiaq, Muhammad Shahid Tufail, Khurram Shahzad, Muhammad Aamir Naseer. (2019) Impact of Financial Threat on Individual's Willingness to Change Financial Behavior , The Dialogue, Volume 14, Issue 2.
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