A Study on Financial Well Being of Women Households

Abstract

Financial well-being is defined as “a state of being financially healthy, happy, and free from worry” and is typically based on a subjective appraisal of one’s financial situation. Women households play an important role in managing finance of their houses, while dealing with various financial needs they have to encounter various financial challenges which range from financial information, financial responsibilities and financial capabilities. This study aims to understand how financial well-being is perceived by the women households and their level of financial well-being could be understood from analysing various determinants of financial well-being. It can also provide a base for developing the financial well-being among women households by understanding the sources of financial information and their respective knowledge to the concerned financial concepts.