Knowledge Tree
Relations (1)
related 2.32 — strongly supporting 4 facts
Financial literacy is directly linked to financial well-being as a key factor in shaping it [1], and behavioral economics insights suggest that improving financial literacy leads to enhanced financial well-being [2]. Furthermore, academic research explicitly models the relationship between these two concepts to understand how financial literacy influences the financial well-being of consumers [3].
Facts (4)
Sources
Mind Over Money: Behavioral Economics and Financial Decision ... linkedin.com 1 fact
claimUnderstanding behavioral economics insights can help individuals improve financial literacy, make better investment choices, and enhance overall financial well-being.
Analysing the behavioural, psychological, and demographic ... - OUCI ouci.dntb.gov.ua 1 fact
referenceTahir's study, 'Financial literacy and financial well-being of Australian consumers: a moderated mediation model of impulsivity and financial capability', uses a moderated mediation model to analyze the relationship between financial literacy, impulsivity, financial capability, and well-being in Australian consumers.
Examining Behavioural Aspects of Financial Decision Making - OUCI ouci.dntb.gov.ua 1 fact
claimFuture research areas in financial literacy include the level of financial literacy among small- and medium-sized enterprises (SMEs) globally, the effectiveness of targeted interventions for SMEs, the role of SMEs in domestic violence policies, factors influencing SME planning processes, and the promotion of global equality and financial well-being.
The Emotional Wallet: A Behavioral Analysis of Consumer Financial ... acr-journal.com 1 fact
referenceFinancial literacy and savings are recognized as important factors in shaping financial well-being.