Written By: Nancy M. Porter and E. Thomas Garman

The purpose of this study was to conceptualize and test a measurement of financial well-being as a function of personal characteristics, objective attributes, perceived attributes, and evaluated attributes of the financial domain. The dependent variable, financial well-being, was measured using an adaptation of Cantril’s self-anchoring scale. In the empirical test of the model, a multiple regression analysis of all the independent variables produced an R2 of .71, which was a much higher explanatory power than obtained by previous researchers. KEY WORDS: financial well-being, economic well-being, financial satisfaction, quality of life

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