LINKING PERCEIVED ECONOMIC INEQUALITY TO FINANCIAL PRECARITY: THE MEDIATING ROLE OF SOCIAL CYNICISM

Abstract

The rapidly increasing global wealth gap has severe implications psychological well-being of individuals. This impact has moved beyond mere economic metrics to influencing individuals’ perceptions of fairness in economic system. This study has been designed to investigates the mediating role of Social Cynicism in the relationship between Perceived Economic Inequality and Financial Precarity. The research is based on cross-sectional data and hierarchical regression analysis has been used to test a mediation model. Our findings confirm that PEI significantly predicts both higher levels of social cynicism and financial precarity. Results of the study reveal that social cynicism partially mediating the relationship between perceived inequality and individual financial precarity. This study enhances our understanding of the psychosocial costs of inequality.

Key Word:  Economic Inequality, Financial Precarity, Social Cynicism