The Impetus of Monetary Intelligence on Financial Satisfaction and Security: A Preliminary Survey on University Students from India

Abstract

One predominant factor which has had a great influence on financial wellbeing is monetary intelligence or love for money. Different parts of the world have different perceptions towards the aspect of money/monetary intelligence/love for money. Some perceive money as not so important factor in life, whereas others believe that money is the most important part of individuals life. The desired benefits of monetary intelligence on financial well-being also depends upon the levels of hierarchical needs that people would like to satisfy. Whereas financial well-being is an abstract theory that describes the general condition of a person or society, which further differs from individual to individual. The authors in the present study aim to analyse the impact of different dimensions of monetary intelligence on the financial wellbeing of young individuals in India. The dimensions of monetary intelligence, mainly cognitive, affective, and behavioural.