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@article{206575,
        author = {Sakthidharan B},
        title = {Factors Influencing Personal Financial Well-Being among Young Professionals in India},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {13},
        number = {2},
        pages = {2142-2150},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=206575},
        abstract = {Personal financial well-being is now an important component in the quality of life of individuals. With rapid advancements in technology, improved access to digital financial services, changes in consumption behavior, and increasing cost of living, the financial behavior of young professionals in India has changed considerably. Even with more financial inclusion and financial product awareness, many young professionals face financial stress due to lack of financial literacy, inconsistent saving behavior, lack of investment planning, and inefficient debt management. Knowledge about the factors that affect personal financial well-being is thus essential for ensuring better financial well-being and financial responsibility in the future.
This current study focuses on examining the effect of financial literacy, savings behavior, investment awareness, and debt management on the personal financial well-being of young professionals in India. For the purpose of the research, a quantitative research method was followed and primary data were collected from 200 young professionals through a survey. SPSS was used to analyze the collected data through descriptive statistics, reliability analysis, Pearson correlation analysis, and multiple regression analysis.
The results reveal that there is significant impact of financial literacy, saving practices, investment knowledge, and debt management on an individual's financial well-being. Out of all these factors, saving practices and debt management stand out as relatively more powerful indicators, reflecting the significance of sound financial habits in ensuring financial stability. The study thus emphasizes the need for developing both financial literacy and financial discipline to boost one’s financial well-being. The results of the study have important policy implications for various stakeholders including policymakers, banks, employers, and educational institutions in India.},
        keywords = {Personal Financial Well-Being, Financial Literacy, Savings Behavior, Investment Awareness, Debt Management, Young Professionals.},
        month = {July},
        }