Paper Title :Financial Capability Among Youngsters in Relation to their Financial Well-Being
Author :Lakhwinder Singh, Navdeep Sandhu
Article Citation :Lakhwinder Singh ,Navdeep Sandhu ,
(2017 ) " Financial Capability Among Youngsters in Relation to their Financial Well-Being " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 80-86,
Volume-3,Issue-11
Abstract : In present era economists and money planers have revolved their attention towards the information that tells how
people happy or satisfied with their lives. We generally show that richer individuals are more satisfied with their lives as
compare to poorer individuals. Much of the early research suggesting that absolute income plays an important role in
influencing and effecting human well-being. The association between financial capability and financial well-being is more
expected to occur when the average person’s material welfare accompanies rising income, when an individual become more
satisfied with their current earnings and people become more optimistic about their futures. This paper presents an empirical
analysis of the importance of financial capability and financial well-being for an individual well-being. Our present research
advocates that financial well-being upswings with financial capability and income of an individual. A total number of 200
university male and female youngsters from Punjabi University Patiala, Punjab, India. Participants filled CFPB Financial
Well-being Scale for measuring financial well-being and Finical Capability Scale for measuring financial capability among
youngsters. Ruralyoungsters reported significantly higher scores in financial well-being as compared to urban youngsters. In
both gender and location differences results were found significant, girls and boys differ significantly in financial well-being
across low and high financial capability.
Keywords - Financial well-being, financial Capability, positive affect, psychological health, income, money, financial
learning, financial distress, financial management, savings, youth
Type : Research paper
Published : Volume-3,Issue-11
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-10164
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Published on 2018-01-26 |
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