Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/206244 
Year of Publication: 
2019
Citation: 
[Journal:] Cogent Business & Management [ISSN:] 2331-1975 [Volume:] 6 [Publisher:] Taylor & Francis [Place:] Abingdon [Year:] 2019 [Pages:] 1-13
Publisher: 
Taylor & Francis, Abingdon
Abstract: 
The satisfaction an individual experience with his or her financial position refers to financial well-being. Financial well-being can also be related to financial distress as its subjective indicator. The level of financial well-being may influence the financial decisions of investors and may vary according to their demographics. The aim of this study is to determine the level of financial well-being of investors and whether demographic variables play an influential role in investment decisions. The results from the study indicated that a significant difference exists between the financial well-being of male and female investors. Male investors were more likely to have an average or high financial well-being compared with female investors. A significant difference was also found between the financial well-being among different age categories. Older investors were more likely to have a low financial well-being compared to investors between the ages of 16 to 24.
Subjects: 
demographics
financial well-being
South Africa
investors
JEL: 
J11
G17
G24
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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