Smart Wallets, Stress-Free Lives: Determinants of Financial Wellness in Kathmandu

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Quantitative analysis reveals financial knowledge and stress affect financial wellness in Kathmandu, indicating a need for comprehensive education.

Financial knowledge, attitude, stress, and satisfaction are significant determinants of financial wellness.
The study shows that financial knowledge impacts wellness positively, while financial activity has minimal direct effect.
Analysis employed structural equation modeling to explore the relationships among financial knowledge and wellness variables.
Findings suggest a call for enhanced financial education programs to address the emotional aspects of financial well-being.

Mahato et al. (2024) studied this question.

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Quantitative analysis reveals financial knowledge and stress affect financial wellness in Kathmandu, indicating a need for comprehensive education.