A conceptual model of financial well-being for south african investors
The satisfaction an individual experience with his or her financial position refers to financial well-being. Financial well-being can also be related to financial distress as its subjective indicator. The level of financial well-being may influence the financial decisions of investors and may vary a...
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| Main Authors: | , |
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| Format: | article |
| Language: | EN |
| Published: |
Taylor & Francis Group
2019
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| Subjects: | |
| Online Access: | https://doaj.org/article/f6395f8c5b474062a31dba4a54e29790 |
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| Summary: | The satisfaction an individual experience with his or her financial position refers to financial well-being. Financial well-being can also be related to financial distress as its subjective indicator. The level of financial well-being may influence the financial decisions of investors and may vary according to their demographics. The aim of this study is to determine the level of financial well-being of investors and whether demographic variables play an influential role in investment decisions. The results from the study indicated that a significant difference exists between the financial well-being of male and female investors. Male investors were more likely to have an average or high financial well-being compared with female investors. A significant difference was also found between the financial well-being among different age categories. Older investors were more likely to have a low financial well-being compared to investors between the ages of 16 to 24. |
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