ABSTRACT: Financial stress has emerged as a pervasive chronic stressor among employees, with documented adverse effects on psychological well-being, including increased rates of anxiety, depression, and emotional exhaustion. However, the magnitude of this relationship may vary depending on workplace resources. This paper reviews and synthesizes existing empirical and theoretical literature to examine the moderating role of supervisor support in the financial stress–psychological well-being relationship. Drawing on the Job DemandsResources (JD-R) model and Conservation of Resources (COR) theory, we argue that supervisor support functions as a key buffer, mitigating the negative psychological consequences of financial strain. The review identifies consistent evidence that high-quality supervisor support—characterized by emotional concern, instrumental assistance, and informational guidance—attenuates the association between financial stress and poor mental health outcomes. Conversely, low or negative supervisor support exacerbates this relationship. Methodological limitations, cultural considerations, and conceptual gaps in the current literature are critically evaluated. The paper concludes with a revised conceptual model, practical recommendations for organizations, and an agenda for future longitudinal and cross-cultural research.
KEYWORDS: financial stress, psychological well-being, supervisor support, moderation, employee mental health, job demands-resources model.
FINANCIAL STRESS AND PSYCHOLOGICAL WELL-BEING AMONG EMPLOYEES: THE MODERATING ROLE OF SUPERVISOR SUPPORT
MRS. MUKTI SHAH, MS. SAHIDA KHATUN KHAN, MS. TANIA THOMAS
J.M PATEL COLLEGE OF COMMERCE. GOREGAON WEST, MUMBAI 400097