Figure 2
The diagram contains a rectangle positioned at the center labeled “Financial Well-being”. At the top center, a box labeled “Financial Sophistication” connects by a downward arrow pointing to “Financial Well-being”. On the left side, three boxes are arranged vertically labeled “Savings and Investment”, “Planning”, and “Protection”. Each of these boxes has a rightward arrow that points toward the central box “Financial Well-being”. On the right side, three boxes are arranged vertically labeled “Debt”, “Wealth”, and “Spending”. Each of these boxes has a leftward arrow that points toward the central box “Financial Well-being”.Proposed multidimensional framework for financial well-being. Source: Authors' own work