JOURNAL ARTICLE

Financial Literacy and Subjective Financial Well-Being Among Young Adults: Evidence From an Emerging Economy.

  • Published In: Journal of Financial Counseling & Planning, 2026, v. 37, n. 1. P. 51 1 of 3

  • Database: Academic Search Ultimate 2 of 3

  • Authored By: Wasiuzzaman, Shaista; Rosland, Shahratul Karmila 3 of 3

Abstract

This study aims to assess the relationship between financial literacy (FL) and perceived financial well-being (FWB) by considering the association between the components of FL, that is, financial knowledge and financial skills, with FWB and its components. A survey was distributed to young adults in Brunei, out of which 302 usable responses were collected. Frequency analysis and descriptive statistics indicate low levels of FL and FWB among the respondents. Regression analysis via ordinary least squares technique shows that financial skills play a dominating role in determining FWB as it has significant associations not just with FWB but also its components. On the other hand, financial knowledge has insignificant associations with FWB and its components. [ABSTRACT FROM AUTHOR]

Additional Information

  • Source:Journal of Financial Counseling & Planning. 2026/01, Vol. 37, Issue 1, p51
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • ISSN:1052-3073
  • DOI:10.1891/JFCP-2023-0004
  • Accession Number:193016642
  • Copyright Statement:Copyright of Journal of Financial Counseling & Planning is the property of Springer Publishing Company, Inc. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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