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June 13, 2026South East European Journal of Economics and BusinessOpen Access

Investigating Youth Happiness: The Interplay of Financial Self-Efficacy, Behavior, and Satisfaction

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Authors

DBDajana BarbićIPIrena PalićIBIvan Balabanić

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Overview

Randomized trial investigates financial self-efficacy’s impact on happiness in youth, suggesting improvements through education.

Key Points

  • The study aims to explore how financial self-efficacy, behavior, and satisfaction influence overall life satisfaction in young individuals.
  • Analyzed data from 970 high school and university students in Croatia
  • Employed structural equation modeling to assess relationships between variables
  • Examined the mediating effect of financial satisfaction between self-efficacy and life satisfaction.
  • Higher financial self-efficacy significantly improves financial behavior (p<0.05)
  • Responsible financial behavior enhances financial satisfaction (p<0.01)
  • Financial satisfaction partially mediates the relationship between financial self-efficacy and life satisfaction.

Cite This Study

Barbić et al. (2026) studied this question.

synapsesocial.com/papers/6a2cf500faef96ed7f057159https://doi.org/10.2478/jeb-2026-0008
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