Gender |
Men have higher levels of financial well-being. |
Shim et al. (2009)Gutter, M., & Copur, Z. (2011). Financial behaviors and financial well-being of college students: Evidence from a national survey. Journal of Family and Economic, 32(4), 699-714. doi:10.1007/s10834-011-9255-2 https://doi.org/10.1007/s10834-011-9255-...
, Gutter and Copur (2011)Gutter, M., & Copur, Z. (2011). Financial behaviors and financial well-being of college students: Evidence from a national survey. Journal of Family and Economic, 32(4), 699-714. doi:10.1007/s10834-011-9255-2 https://doi.org/10.1007/s10834-011-9255-...
, and Leach, Hayhoe, and Turner (1999)Leach, L. J., Hayhoe, C. R., & Turner, P. R. (1999). Factors affecting perceived economic well-being of college students: A gender perspective. Journal of Financial Counseling and Planning, 10(2), 11-24.
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Dependents |
Dependents at home negatively influence FWB. |
Penn (2007)Penn, D. A. (2007). Financial well-being in an urban area: An application of multiple imputation [Working Paper]. Department of Economics and Finance, Paris. and Kunkel (2014)Kunkel, F. I. R. (2014). Causas e consequências da dívida no cartão de crédito: Uma análise multifatorial (Dissertação de mestrado, Universidade Federal de Santa Maria, Santa Maria, Brasil).
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Age |
Older individuals have greater financial well-being compared to younger ones. |
Sumarwan (1990)Sumarwan, U. (1990). A managerial system approach to factors influencing satisfaction with households’ financial status (Doctoral thesis, Iowa State University, Ames, Iowa, USA)., Xiao, Sorhaindo, and Garman (2006)Xiao, J. J., Sorhaindo, B., & Garman, E. T. (2006). Financial behaviors of consumers in credit counseling. International Journal of Consumer Studies, 30(2), 108-121. doi:10.1111/j.1470-6431.2005.00455.x https://doi.org/10.1111/j.1470-6431.2005...
, Plagnol (2011)Plagnol, A. C. (2011). Financial satisfaction over the life course: The influence of assets and liabilities. Journal of Economic Psychology, 32(1), 45-64. doi:10.1016/j.joep.2010.10.006 https://doi.org/10.1016/j.joep.2010.10.0...
and Kunkel (2014)Kunkel, F. I. R. (2014). Causas e consequências da dívida no cartão de crédito: Uma análise multifatorial (Dissertação de mestrado, Universidade Federal de Santa Maria, Santa Maria, Brasil).
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Marital status |
Married individuals have a higher FWB. |
Sumarwan (1990)Sumarwan, U. (1990). A managerial system approach to factors influencing satisfaction with households’ financial status (Doctoral thesis, Iowa State University, Ames, Iowa, USA). and Diniz, Vieira, Potrich, and Campara (2014Diniz, A. P. C., Vieira, K. M., Potrich, A. C. G., & Campara, J. P. (2014). Influência das variáveis socioeconômicas e demográficas no bem-estar financeiro: Um estudo do comportamento maranhense. Revista Uniabeu, 7(17), 218-234., 2015)Diniz, A. P. C., Vieira, K. M., Potrich, A. C. G., & Campara, J. P. (2015). Bem-estar financeiro: Uma análise multifatorial do comportamento maranhense. Estudos do CEPE, 42, 186-202. doi:10.17058/cepe.v0i42.6317 https://doi.org/10.17058/cepe.v0i42.6317...
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Single individuals have higher FWB. |
Gutter and Copur (2011)Gutter, M., & Copur, Z. (2011). Financial behaviors and financial well-being of college students: Evidence from a national survey. Journal of Family and Economic, 32(4), 699-714. doi:10.1007/s10834-011-9255-2 https://doi.org/10.1007/s10834-011-9255-...
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Education |
Individuals with a higher educational level tend to have a higher FWB. |
Lown and Ju (1992)Lown, J. M., & Ju, I. S. (1992). A model of credit use and financial satisfaction. Financial Counseling and Planning, 3, 105-125., Diniz, Vieira, Potrich, and Campara (2014Diniz, A. P. C., Vieira, K. M., Potrich, A. C. G., & Campara, J. P. (2014). Influência das variáveis socioeconômicas e demográficas no bem-estar financeiro: Um estudo do comportamento maranhense. Revista Uniabeu, 7(17), 218-234., 2015)Diniz, A. P. C., Vieira, K. M., Potrich, A. C. G., & Campara, J. P. (2015). Bem-estar financeiro: Uma análise multifatorial do comportamento maranhense. Estudos do CEPE, 42, 186-202. doi:10.17058/cepe.v0i42.6317 https://doi.org/10.17058/cepe.v0i42.6317...
, and Penn (2007)Penn, D. A. (2007). Financial well-being in an urban area: An application of multiple imputation [Working Paper]. Department of Economics and Finance, Paris.
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Individuals with a lower educational level tend to have a higher FWB. |
Plagnol (2011)Plagnol, A. C. (2011). Financial satisfaction over the life course: The influence of assets and liabilities. Journal of Economic Psychology, 32(1), 45-64. doi:10.1016/j.joep.2010.10.006 https://doi.org/10.1016/j.joep.2010.10.0...
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Income |
Individuals with higher income levels have higher FWB. |
Sumarwan (1990)Sumarwan, U. (1990). A managerial system approach to factors influencing satisfaction with households’ financial status (Doctoral thesis, Iowa State University, Ames, Iowa, USA)., Delafrooz and Paim (2011)Delafrooz, N., & Paim, L. H. (2011). Determinants of financial wellness among Malaysia workers. African Journal of Business Management, 5(24), 10.092-10.100. doi: 10.5897/AJBM10.1267 https://doi.org/10.5897/AJBM10.1267...
, Gutter and Copur (2011)Gutter, M., & Copur, Z. (2011). Financial behaviors and financial well-being of college students: Evidence from a national survey. Journal of Family and Economic, 32(4), 699-714. doi:10.1007/s10834-011-9255-2 https://doi.org/10.1007/s10834-011-9255-...
, Penn (2007)Penn, D. A. (2007). Financial well-being in an urban area: An application of multiple imputation [Working Paper]. Department of Economics and Finance, Paris., Kunkel (2014)Kunkel, F. I. R. (2014). Causas e consequências da dívida no cartão de crédito: Uma análise multifatorial (Dissertação de mestrado, Universidade Federal de Santa Maria, Santa Maria, Brasil)., Diniz et al. (2014)Diniz, A. P. C., Vieira, K. M., Potrich, A. C. G., & Campara, J. P. (2014). Influência das variáveis socioeconômicas e demográficas no bem-estar financeiro: Um estudo do comportamento maranhense. Revista Uniabeu, 7(17), 218-234., and Vlaev and Elliott (2014)Vlaev, I., & Elliott, A.(2014). Financial well-being components. Social Indicators Research, 118(3), 1103-1123. doi:10.1007/s11205-013-0462-0 https://doi.org/10.1007/s11205-013-0462-...
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