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Abstract

This research conducted three studies. The first study examined the proposed personality traits and financial well-being framework. The structural equation model (SEM) was conducted to test the proposed framework. The results showed that personality traits were indirectly associated with financial well-being via positive financial behaviors. The second study examined the proposed personality traits and financial well-being framework using a panel dataset. The latent growth curves (LGCs) were used to examine the proposed framework. The findings showed that personality traits were associated with financial well-being. The third study examined the proposed materialism and financial well-being framework. The research findings indicated the mediating role of financial behaviors in the connection between materialism, financial socialization, perceived financial capability and financial well-being.

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