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Original Study
| Published: December 31, 2024
The Relationship Between Mental Health and Life Satisfaction among Speculators and Investors in Stock Market
Research Scholar, Department of Psychology, Kavayitri Bahinabai Chaudhari, North Maharashtra University.
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Ex Principal, Dr. Annasaheb G.D. Bendale, Mahila Mahavidyalay, Jalgaon, Maharashtra.
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DIP: 18.01.277.20241204
DOI: 10.25215/1204.277
ABSTRACT
The present study explores the relationship between mental health and life satisfaction among stock market speculators and investors. A sample of 120 participants, aged 25 to 35 years, was selected using a stratified random sampling method. Data were collected through a structured questionnaire incorporating the Mental Health Inventory (MHI) and the Life Satisfaction Scale (L-S Scale). Pearson correlation analysis was employed to determine the strength and significance of the relationship between the two variables. The results indicated a strong positive correlation (r = 0.82, p < 0.01) between mental health and life satisfaction, suggesting that individuals with higher mental well-being reported greater life satisfaction. These findings align with prior research indicating that financial activities significantly influence psychological well-being. The study highlights the importance of psychological resilience in financial decision-making, emphasizing the role of financial literacy and mental health support for stock market participants. The results suggest that integrating mental health awareness into financial planning can enhance overall well-being. The study contributes to the literature by demonstrating that stock market participation has profound psychological effects, which should be considered in investment advisory and policy-making strategies.
Keywords
Mental Health, Life Satisfaction, Stock Market, Speculators, Investors, Financial Psychology
This is an Open Access Research distributed under the terms of the Creative Commons Attribution License (www.creativecommons.org/licenses/by/2.0), which permits unrestricted use, distribution, and reproduction in any Medium, provided the original work is properly cited.
© 2024, Bhosikar, B.U., & Rane, S.S.
Received: December 15, 2024; Revision Received: December 28, 2024; Accepted: December 31, 2024
Article Overview
ISSN 2348-5396
ISSN 2349-3429
18.01.277.20241204
10.25215/1204.277
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Published in Volume 12, Issue 4, October- December, 2024
