Financial fragility is recognized as a substantial issue for individual well-being. Various estimates show that between 46 and 59% of American adults are financially fragile and thus vulnerable in terms of their well-being. We argue that the role of financial control in shaping well-being outcomes—despite being less recognized in the literature than the role of financial fragility—is equally or even more important. Our study is a longitudinal cohort study that made use of observational data. Two waves of the Well-Being Survey data from 1448 U.S. adults were used in the analysis. Impacts of financial fragility and financial control on 17 well-being outcomes were examined, including emotional well-being (nine outcomes), physical well-being (four outcomes), social well-being (two outcomes), in addition to an unhealthy days summary measure and the flourishing index. Financial fragility was shown to be on average less influential for the well-being outcomes than financial control. Our results suggest that financial control plays a protective role for complete well-being. Less evidence in support of a harmful role of financial fragility for well-being is provided. Tests for moderation effects revealed no interaction between financial control and financial fragility within our sample, indicating that financial control did not modify the relationship between financial fragility and well-being.

财务脆弱性被认为是个人福祉的一个重大问题。各种估计表明，46% 到 59% 的美国成年人在经济上很脆弱，因此在福祉方面也很脆弱。我们认为，财务控制在塑造幸福结果中的作用——尽管在文献中的认识不如财务脆弱性的作用——同样重要，甚至更重要。我们的研究是一项利用观察数据的纵向队列研究。分析中使用了来自 1448 名美国成年人的两波幸福调查数据。研究了财务脆弱性和财务控制对 17 项幸福感的影响，包括情绪幸福感（九种结果）、身体幸福感（四种结果）、社会幸福感（两种结果）、除了不健康的日子总结措施和繁荣指数。与财务控制相比，财务脆弱性对幸福结果的平均影响较小。我们的研究结果表明，财务控制对完全幸福有保护作用。提供的支持金融脆弱性对福祉有害作用的证据较少。调节效应的检验表明，在我们的样本中，财务控制与财务脆弱性之间没有相互作用，这表明财务控制并未改变财务脆弱性与幸福感之间的关系。提供的支持金融脆弱性对福祉有害作用的证据较少。调节效应的检验表明，在我们的样本中，财务控制与财务脆弱性之间没有相互作用，这表明财务控制并未改变财务脆弱性与幸福感之间的关系。提供的支持金融脆弱性对福祉有害作用的证据较少。调节效应的检验表明，在我们的样本中，财务控制与财务脆弱性之间没有相互作用，这表明财务控制并未改变财务脆弱性与幸福感之间的关系。