Financial well-being: capturing an elusive construct with an optimized measure

HIGHLIGHTS

SUMMARY

    Despite this growing interest, the scientific community has been slow to follow suit, with research only recently beginning to address FWB (Nanda and Banerjee, 2021; Vörös et_al, 2021). Although FWB is likely to positively influence physical and psychological well-being (Shim et_al, 2009; Netemeyer et_al, 2018), efforts to properly operationalize this construct remain limited. Research has generally shown that SWB and PWB represent distinct, but interrelated, constructs that together provide a comprehensive overview of general well-being (Keyes et_al, 2002; Chen et_al, 2013; Disabato et_al, 2016). Indeed, FWB has been shown to . . .

     

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