IDEAS home Printed from https://ideas.repec.org/a/ids/ijhdev/v9y2025i2p195-215.html
   My bibliography  Save this article

The impact of financial well-being on subjective happiness, innovativeness, and personal growth

Author

Listed:
  • Petek Tosun
  • Mesut Dogan
  • A. Selcuk Koyluoglu

Abstract

This study examines the impact of the perceived personal financial condition (financial well-being, economic hardship, income change, and financial threat) on subjective happiness and depression and the influence of subjective happiness and depression on personal growth initiative and consumer innovativeness. The theoretical model that depended on the broadenand-build theory of positive emotions was tested on a consumer sample (n = 755) using hierarchical regression analyses. The findings supported the hypotheses and showed the significant impact of personal financial condition on happiness and depression. Financial well-being positively influences subjective happiness and reduces depression. Subjective happiness and depression lead to increased levels of consumer innovativeness and personal growth initiative. This study contributes to the literature by suggesting and empirically testing a comprehensive theoretical model that demonstrates the significant impact of personal financial condition on happiness and depression and, consequently, consumer innovativeness and personal growth initiative.

Suggested Citation

  • Petek Tosun & Mesut Dogan & A. Selcuk Koyluoglu, 2025. "The impact of financial well-being on subjective happiness, innovativeness, and personal growth," International Journal of Happiness and Development, Inderscience Enterprises Ltd, vol. 9(2), pages 195-215.
    • Handle: RePEc:ids:ijhdev:v:9:y:2025:i:2:p:195-215
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=146263
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijhdev:v:9:y:2025:i:2:p:195-215. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=395 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.