Income and Career Concerns Among Emerging Adults From Finland, Sweden, and the United Kingdom During COVID-19

Abstract

In this study, we examine the prevalence of income and career concerns among emerging adults in three different welfare states during COVID-19: Finland (n = 309), Sweden (n = 324), and the United Kingdom (n = 343). This study also delves into how factors such as one's self-perceived financial situation, generalized mistrust, loneliness and socio-demographics are related to emerging adults' income and career concerns. Results showed that individuals from the United Kingdom were more likely to experience increased income and career concerns than those in Finland and Sweden. Our results also suggest that income concerns were associated with one's current financial situation, future financial situation, childhood financial situation, and loneliness. Also, career concerns were related to generalized mistrust, loneliness, and age. For both country-specific and general analyses, loneliness emerged as the most important for increased income and career concerns for emerging adults in all three countries.