See the below image for the Financial well being framework diagram. A conceptual framework was proposed in this study to provide a broad understanding of financial well-being, by examining financial perceptions and knowledge factors, financial stress, and the interplay among individual financial behaviors, and financial satisfaction.
The survey results indicate that psychological factors are also strongly related to financial well-being. In particular, Canadians who were financially confident and preferred saving to spending and borrowing tended to have higher financial well-being.
well-being: ‘financial outcomes’; ‘hardship/stress’; ‘material affl uence’ and ‘subjective well-being’. The a year ago and total burden of housing costs.
Financial well being framework image
