Financial hardship of the self-employed comes with impaired well-being
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Financial hardship is significantly related to impaired well-being among self-employed individuals in different European countries, as a new study shows. However, this effect differed significantly between countries. The study found that the economic conditions of a country play an important role in this regard. For self-employed people living in a country with a more supportive social policy in the form of unemployment allowance, financial hardship and well-being were less strongly related. In addition, an individual’s education and social trust were buffers against lower well-being.