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Exploring financial well-being of working professionals in the Indian context

Author

Listed:
  • Shikha Bhatia

    (International Management Institute New Delhi)

  • Sonali Singh

    (Jaipuria Institute of Management)

Abstract

Attainment of financial well-being is vital for individuals. Financial well-being further leads to satisfaction and happiness, which results in the overall well-being of an individual. Financial behavior and well-being assume greater importance in crises such as the COVID-19 pandemic. This study tests how working professionals’ financial knowledge and attitude in a developing country relate to their financial well-being. The emphasis of the study is on determining the mediating effects of financial behavior. The study finds that financial knowledge alone may not result in an individual’s financial well-being, and the relationship is mediated by financial behavior. This implies that acquiring knowledge and a positive financial attitude are important in the quest to attain financial well-being, but adopting healthy financial behavior is most important.

Suggested Citation

  • Shikha Bhatia & Sonali Singh, 2024. "Exploring financial well-being of working professionals in the Indian context," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 29(2), pages 474-487, June.
    • Handle: RePEc:pal:jofsma:v:29:y:2024:i:2:d:10.1057_s41264-023-00215-x
    DOI: 10.1057/s41264-023-00215-x
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    References listed on IDEAS

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