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

dc.contributor.author Kiymaza, Halil
dc.contributor.author Kiymaz, Halil
dc.contributor.author Öztürkkal, Belma
dc.contributor.author Öztürkkal, Ayşe Belma
dc.contributor.other International Trade and Finance
dc.contributor.other Business Administration
dc.date.accessioned 2020-12-19T12:19:34Z
dc.date.available 2020-12-19T12:19:34Z
dc.date.issued 2019
dc.department Fakülteler, İşletme Fakültesi, Uluslararası Ticaret ve Finans Bölümü en_US
dc.description.abstract This 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.citationcount 5
dc.identifier.doi 10.1891/1052-3073.30.2.191 en_US
dc.identifier.endpage 201 en_US
dc.identifier.issn 1052-3073 en_US
dc.identifier.issn 1947-7910 en_US
dc.identifier.issn 1052-3073
dc.identifier.issn 1947-7910
dc.identifier.issue 2 en_US
dc.identifier.scopus 2-s2.0-85075672905 en_US
dc.identifier.scopusquality Q3
dc.identifier.startpage 191 en_US
dc.identifier.uri https://hdl.handle.net/20.500.12469/3590
dc.identifier.uri https://doi.org/10.1891/1052-3073.30.2.191
dc.identifier.volume 30 en_US
dc.identifier.wos WOS:000494426300003 en_US
dc.institutionauthor Öztürkkal, Belma en_US
dc.language.iso en en_US
dc.publisher Springer Publishing Co en_US
dc.relation.journal Journal of Financial Counseling and Planning en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/closedAccess en_US
dc.scopus.citedbyCount 7
dc.subject Emerging market en_US
dc.subject Financial well-being and assessment en_US
dc.subject Risk en_US
dc.subject Survey en_US
dc.subject Turkey en_US
dc.title Perceived Financial Needs, Income Sources, and Subjective Financial Well-Being in an Emerging Market en_US
dc.type Article en_US
dc.wos.citedbyCount 6
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