Financial Insecurity And Psychosocial Behavior Among Undergraduates In Public Universities In Cross River State, Nigeria

Abstract

The main purpose of this study is to investigate financial insecurity and psychosocial behavior among undergraduates in public Universities in Cross River State, Nigeria. This purpose was achieved by using correctional survey research design, the study was guided by 1 research question and it’s corresponding null hypothesis. A sample of 403 undergraduates was drawn using stratified random sampling technique. For data collection; questionnaire titled Financial Insecurity and Psychosocial Behavior Questionnaire (FlPBQ) was the main instrument used for data collection. Reliability of the instrument was established using Cronbach alpha method yielded a coefficient of .78 and .81. Simple linear regression associated with Analysis of Variance, ANOVA were used in answering and testing the correspondent null hypothesis at 0.05 level of significance. The result revealed that there was a significant prediction of financial insecurity on psychosocial behavior among undergraduates. It was recommended that financial literacy workshops and seminars should be organized to help students manage their finances and that budgeting, savings and investing skills be taught to help them mitigate financial insecurity.