Personal financial wellness

Sohyun Joo

doi:10.1007/978-0-387-75734-6_2

Personal financial wellness

Sohyun Joo

Department of Consumer Studies

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

156 Scopus citations

Abstract

As the importance of financial health of individuals and families continues to grow, people often use the term financial wellness to mean the level of a person's financial health. Financial wellness is a comprehensive, multidimensional concept incorporating financial satisfaction, objective status of financial situation, financial attitudes, and behavior that cannot be assessed through one measure. This chapter discusses the concept and measurement of personal financial wellness and presents Financial Wellness Diagram. Future research directions are also discussed.

Original language	English
Title of host publication	Handbook of Consumer Finance Research
Publisher	Springer New York
Pages	21-33
Number of pages	13
ISBN (Print)	9780387757339
DOIs	https://doi.org/10.1007/978-0-387-75734-6_2
State	Published - 2008

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title = "Personal financial wellness",

abstract = "As the importance of financial health of individuals and families continues to grow, people often use the term financial wellness to mean the level of a person's financial health. Financial wellness is a comprehensive, multidimensional concept incorporating financial satisfaction, objective status of financial situation, financial attitudes, and behavior that cannot be assessed through one measure. This chapter discusses the concept and measurement of personal financial wellness and presents Financial Wellness Diagram. Future research directions are also discussed.",

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Personal financial wellness

Abstract

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