Examining the financial well-being in challenging economic conditions: structural equation modeling evidence from Türkiye

Abstract The purpose of the study is to examine the dynamics of financial well-being in the context of challenging economic conditions. Central to this research are the key concepts of financial stress, social support, and financial self-efficacy, which are recognized as having a significant impact on individuals’ financial well-being. Using a conceptual model that encompasses these determinants, this research employs a structural equation modeling to examine the intricate relationships between these variables. The goodness-of-fit indices obtained for the structural equation model is found X 2 /df = 2.666; RMSEA = .048 SRMR = .053; CFI = .97; GFI = .94. The model showed a good fit. Based on a sample of 738 participants, the analysis examines how social support, self-efficacy, and stress shape individuals’ financial well-being, and identifies both the direct and indirect relationships. This study makes a significant contribution by examining financial well-being in the context of challenging economic conditions, shedding light on the psychological implications of social support, stress and self-efficacy in this area.

Authors

Institutions

Publication Details

Journal
Future Business Journal
Published
2025-11-12
DOI
https://doi.org/10.1186/s43093-025-00676-7
Citations
1
Primary Topic
Financial Literacy, Pension, Retirement Analysis
Type
article
Field-Weighted Citation Impact
3.91
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Examining the financial well-being in challenging economic conditions: structural equation modeling evidence from Türkiye

Sevda Gürsakal, Mine AYDEMİR, Nuran Bayram Arlı, Onur Barca
1 citations
Future Business Journal
Financial Literacy, Pension, Retirement Analysis
3.91
article

Examining the financial well-being in challenging economic conditions: structural equation modeling evidence from Türkiye

Sevda Gürsakal, Mine AYDEMİR, Nuran Bayram Arlı, Onur Barca
article en
1 citations

Abstract

Abstract The purpose of the study is to examine the dynamics of financial well-being in the context of challenging economic conditions. Central to this research are the key concepts of financial stress, social support, and financial self-efficacy, which are recognized as having a significant impact on individuals’ financial well-being. Using a conceptual model that encompasses these determinants, this research employs a structural equation modeling to examine the intricate relationships between these variables. The goodness-of-fit indices obtained for the structural equation model is found X 2 /df = 2.666; RMSEA = .048 SRMR = .053; CFI = .97; GFI = .94. The model showed a good fit. Based on a sample of 738 participants, the analysis examines how social support, self-efficacy, and stress shape individuals’ financial well-being, and identifies both the direct and indirect relationships. This study makes a significant contribution by examining financial well-being in the context of challenging economic conditions, shedding light on the psychological implications of social support, stress and self-efficacy in this area.

Future Business JournalVol. 11(1)
Bursa Uludağ Üni̇versi̇tesi̇ (TR)
Openalex Percentile: Top 5%
Financial Literacy, Pension, Retirement Analysis
3.91
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.

Examining the financial well-being in challenging economic conditions: structural equation modeling evidence from Türkiye — Sevda Gürsakal, Mine AYDEMİR, et al. · Future Business Journal (2025) | TGRS Research Map | TGRS