Family Social Support And Psychological Well-Being In Online Loan Defaulters (Galbay Pinjol)

Abstract

In an era marked by the rise of digital financial services, individuals facing financial distress, particularly due to online loan defaults, encounter significant psychological challenges. This study explores the relationship between family social support and psychological well-being among such individuals in Yogyakarta. Utilizing a quantitative approach, data were collected from 70 participants through validated scales measuring psychological well-being and family social support. The findings revealed a significant positive correlation (r = 0.572, p < 0.01) between family social support and psychological well-being, indicating that greater familial support contributes to improved psychological health. Notably, family support accounted for 32.7% of the variance in psychological well-being. These results underscore the critical role of family dynamics in enhancing the well-being of individuals facing financial challenges, suggesting that interventions aimed at strengthening family support systems could be beneficial.

Keywords: Psychological Well-being, Family Social Support, Online Loan Defaulters