Perceived Financial Needs, Income Sources, and Subjective Financial Well-Being in an Emerging Market

dc.contributor.authorKiymaza, Halil
dc.contributor.authorÖztürkkal, Belma
dc.date.accessioned2020-12-19T12:19:34Z
dc.date.available2020-12-19T12:19:34Z
dc.date.issued2019
dc.departmentFakülteler, İşletme Fakültesi, Uluslararası Ticaret ve Finans Bölümüen_US
dc.description.abstractThis study investigates perceived financial needs and subjective financial well-being using data from a national survey of 2,567 households in Turkey. Financial needs are measured by consumer perceived ability to meet current living expenses in the short-term as well as their assessment for the retirement security in the long-term. We also investigate how income sources are related to subjective financial well-being. Findings show that households' daily concerns including the inability to meet short-term expenses including healthcare, daily living expenses (food and utilities), and the inability to maintain the existing living standard are highly significant factors in explaining their subjective financial well-being. We also find that having enough income during retirement and ability to find a job in the future are positively related to subjective financial well-being. Finally, when households ' incomes are from work, rental properties, family, and pension, they feel more financially secure.en_US
dc.identifier.citation5
dc.identifier.doi10.1891/1052-3073.30.2.191en_US
dc.identifier.endpage201en_US
dc.identifier.issn1052-3073en_US
dc.identifier.issn1947-7910en_US
dc.identifier.issn1052-3073
dc.identifier.issn1947-7910
dc.identifier.issue2en_US
dc.identifier.scopus2-s2.0-85075672905en_US
dc.identifier.scopusqualityQ3
dc.identifier.startpage191en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12469/3590
dc.identifier.urihttps://doi.org/10.1891/1052-3073.30.2.191
dc.identifier.volume30en_US
dc.identifier.wosWOS:000494426300003en_US
dc.identifier.wosqualityN/A
dc.institutionauthorÖztürkkal, Belmaen_US
dc.language.isoenen_US
dc.publisherSpringer Publishing Coen_US
dc.relation.journalJournal of Financial Counseling and Planningen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectEmerging marketen_US
dc.subjectFinancial well-being and assessmenten_US
dc.subjectRisken_US
dc.subjectSurveyen_US
dc.subjectTurkeyen_US
dc.titlePerceived Financial Needs, Income Sources, and Subjective Financial Well-Being in an Emerging Marketen_US
dc.typeArticleen_US
dspace.entity.typePublication

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