2020
DOI: 10.1108/qrom-03-2020-1910
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Financial well-being for a sustainable society: a road less travelled

Abstract: PurposeMeasurement of financial well-being has remained a challenge for the governments for a long time. This paper responds to this challenge by taking an integrative approach, whereby the previous conceptualizations of financial well-being are examined. Further, we propose a new conceptualization of financial well-being using the parameters of objective and subjective well-being. Show more

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Cited by 48 publications
(60 citation statements)
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References 153 publications
(193 reference statements)
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“…are used in this present study. It is significant to state that "FWB" is often substituted with terms like "financial wellness, " "financial satisfaction, " etc., in the literature (Mahendru, 2020). In this research, we have included these terms as wider concepts and for literature.…”
Section: Introductionmentioning
confidence: 99%
“…are used in this present study. It is significant to state that "FWB" is often substituted with terms like "financial wellness, " "financial satisfaction, " etc., in the literature (Mahendru, 2020). In this research, we have included these terms as wider concepts and for literature.…”
Section: Introductionmentioning
confidence: 99%
“…Agricultural commodity sales and total acres in active farming (AV1) [6] Auxiliary deriving incomes (wind energy (AV2)) [6] On-farm non-agricultural activities (Agritourism, energy generation, and cash-only sales (AV3) [36] Conventional farming expenses (chemicals, fertilizers, farm labor, and fuel (AV4)) [6] Urban Vitality (UA)…”
Section: Key Componentsmentioning
confidence: 99%
“…Immigrants adapting to lifestyle, job, and incomes [42] Financial incentives and funding [36] Externalities (indirect benefit to economic agents/social benefits) [43] Socio-psychological impacts (collection of values, attitudes, and behavior patterns of rural areas people that are influenced by urbanization) [44,45] Interaction approaches of components (IAC)…”
Section: Key Componentsmentioning
confidence: 99%
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“…The previous investigation study shows that how risk tolerance and risk perception influence investment behavior (Nguyen et al, 2019). Previous literature on this topic recognized the value of an individual's FWB towards financial literacy (Mahendru, 2020:Fu, 2020. Likewise, financial literacy, along with an individual's investment behavior (Bhabha et al, 2014), can also influence financial well-being (Rehman et al, 2019).…”
Section: Introductionmentioning
confidence: 96%