Exploring the Influence of Financial Socialization on University Students’ Financial Well-Being using a Two-Stage PLS-ANN Approach

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This study finds that financial socialization significantly improves financial well-being in students, suggesting targeted interventions.

Financial behavior is identified as the strongest predictor of financial well-being among university students.
An analysis of 395 university students shows significant effects of financial socialization on financial well-being.
Using structural equation modeling, the study uncovers complex relationships between financial socialization elements.
The findings call for prioritizing interventions focused on behavioral change and financial education to enhance well-being.

Rawat et al. (2025) studied this question.

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