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Increased variety of products and the instability of the global economy in twenty first century caused increasingcomplexity of financial decisions and also caused consumers faced with the challenge in economic and financialactivities. For this reason, in the last decade, the importance of financial management skills in personal and worklife has increased and researches in this area has been done. In this regard, this study tries to evaluate the relationbetween financial literacy, financial wellbeing and financial concerns. For this purpose, a questionnaire wasdesigned and distributed using random sampling among people. Data was analyzed using correlation test,Independent two-sample test based on the T distribution and regression. The results showed that age andeducation are positively correlated with financial literacy and financial wellbeing. Married people and men aremore financially literate. Higher financial literacy leads to greater financial well-being and less financialconcerns. Finally, financial wellbeing leads to less financial concern.
Taft et al. (Thu,) studied this question.