Factors Affecting Financial Satisfaction in Saudia Arabia

نوع المستند : المقالة الأصلية

المؤلف

Department of Finance and Economics, College of Business, University of Jeddah, Saudi Arabia

المستخلص

One type of contentment that comes from the outcome of someone's effort is satisfaction. The peak of any achievement is finding satisfaction in life. Getting financial satisfaction is one way to find happiness.
Financial satisfaction is a result of a behavior pattern that is related to how people handle their income in order to meet their demands. A person is said to have satisfied their financial demand if they are able to cover both their immediate requirements for consumption and their long-term demands without experiencing any deficits.

Financial satisfaction is the consequence of a set of behaviours related to how individuals manage their resources to meet their needs. The purpose of this study is to investigate the relationship between financial technology (FT), financial behavior (FB), financial literacy (FL) and financial satisfaction (FS). The sample consisted of the Saudi Arabian workforce of 2022.
The quantitative methodology employed in this investigation is described. This study applied the data analysis approach of Structural Equation Modeling (SEM) to determine the validity of the research model. The findings indicate that Financial Literacy, Financial Technology, and Financial Behavior substantially impact financial satisfaction.

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