Identify the Factors Affecting Financial Wellbeing Using the Meta-Synthesis Method

Document Type : Research Paper

Authors

1 PhD student of Sociology, Tabriz University, Tabriz, Iran

2 Associate Professor, Department of Sociology, Tabriz University, Tabriz, Iran

3 Professor of Sociology Department, Tabriz University, Tabriz, Iran

10.22055/qjsd.2024.42940.2786

Abstract

Financial wellbeing is a topic of interest in various disciplines, especially economics, sociology and psychology. Financial wellbeing in general can be used in the field of financial and economic sociology. However, there is no universally agreed definition or measurement, and no transparency regarding conceptualization and its components, as well as related factors; Therefore, the main purpose of this study is to identify the factors affecting financial wellbeing and explain how these factors relate. For this purpose, the meta-synthesis method has been used. The statistical population is all studies conducted in the period 2005-2021, in this regard, 171 articles in the field of the subject were evaluated and finally 43 articles were selected purposefully. By reviewing these 43 selected articles, 86 components were finally identified in the form of 14 concepts and four main categories under the headings of individual factors, contextual factors, financial socialization and financial literacy. Analytical results show that the factors identified in the present study are related and the contribution of each of them is important in order to provide a comprehensive model of financial wellbeing, the role of all these factors should be considered; But by reviewing 43 studies in this field, the contribution of financial socialization among the four main factors identified is more effective in shaping financial recovery; Because theoretically and conceptually model of financial recovery, the structure of financial socialization is prior to other structures affecting financial wellbeing.

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Quarterly Journal of Social Development (Previously Human Development)
Volume 18, Issue 4 - Serial Number 72
Vol. 18, No. 4, Summer 2024
July 2024

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