Perceived Financial Needs, Income Sources, and Subjective Financial Well-Being in an Emerging Market

Autor/inn/en	Kiymaz, Halil; Öztürkkal, Belma
Titel	Perceived Financial Needs, Income Sources, and Subjective Financial Well-Being in an Emerging Market
Quelle	In: Journal of Financial Counseling and Planning, 30 (2019) 2, S.191-201 (11 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Zusatzinformation	ORCID (Kiymaz, Halil) ORCID (Öztürkkal, Belma)
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1052-3073
Schlagwörter	Foreign Countries; Financial Needs; Money Management; Well Being; Family Income; Risk; Retirement; Gender Differences; Educational Attainment; Retirement Benefits; Expenditures; Turkey + Suchen Sie Ihr Suchwort? Ausland; Well-being; Wellness; Wohlbefinden; Familieneinkommen; Risiko; Pensionierung; Geschlechterkonflikt; Bildungsabschluss; Bildungsgut; Retirement pay; Ruhegehalt; Ausgaben; Türkei
Abstract	This study investigates perceived financial needs and subjective financial well-being using data from a national survey of 2,567 households in Turkey. Financial needs are measured by consumer perceived ability to meet current living expenses in the short-term as well as their assessment for the retirement security in the long-term. We also investigate how income sources are related to subjective financial well-being. Findings show that households' daily concerns including the inability to meet short-term expenses including healthcare, daily living expenses (food and utilities), and the inability to maintain the existing living standard are highly significant factors in explaining their subjective financial well-being. We also find that having enough income during retirement and ability to find a job in the future are positively related to subjective financial well-being. Finally, when households' incomes are from work, rental properties, family, and pension, they feel more financially secure. (As Provided).
Anmerkungen	Association for Financial Counseling and Planning Education. 1500 West Third Avenue Suite 223, Columbus, OH 43212. Tel: 614-485-9650; Fax: 614-485-9621; Web site: https://connect.springerpub.com/content/sgrjfcp
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01