The Relationship Between Mental Health and Life Satisfaction among Speculators and Investors in Stock Market

Authors

  • Balaji Uttamrao Bhosikar Research Scholar, Department of Psychology, Kavayitri Bahinabai Chaudhari, North Maharashtra University.
  • Dr. S. S. Rane Ex Principal, Dr. Annasaheb G.D. Bendale, Mahila Mahavidyalay, Jalgaon, Maharashtra.

DOI:

https://doi.org/10.25215/1204.277

Keywords:

Mental Health, Life Satisfaction, Stock Market, Speculators, Investors, Financial Psychology

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.

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Published

2024-12-31

How to Cite

Balaji Uttamrao Bhosikar, & Dr. S. S. Rane. (2024). The Relationship Between Mental Health and Life Satisfaction among Speculators and Investors in Stock Market. International Journal of Indian Psychȯlogy, 12(4). https://doi.org/10.25215/1204.277