Exploring the Impact of Financial Attitude on Financial Well-Being: A Structural Model Analysis

Abstract The research paper aims to assess the impact of financial attitude on the financial well-being of academicians in India. It identifies the indicators of financial attitude having a major impact on financial well-being. The data was collected using a well-structured questionnaire through Google Forms. The sample size includes 183 teachers working in the higher education sector of India. The analysis is done by using SPSS and AMOS, Confirmatory Factor Analysis. The developed model concludes that financial attitude has a positive influence on financial well-being and the greatest influence on financial well-being is of financial attitude towards purchase.