Table 7

Results of mediation effect

ParametersIndirect effectt-statisticsConfidence intervalMediation effectSupported
Lower boundUpper bound
H6Family financial socialization − Financial attitude − Financial well-being0.07110.2320.0260.1171Partial mediationYes
H7Family financial socialization − Financial self-efficacy − Financial well-being0.1413.5590.0280.156Partial mediationYes

Source(s): Data analysis by researcher

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