The role of financial behaviour, financial literacy, and financial stress in explaining the financial well-being of B40 group in Malaysia

Future Business Journal

Table 7 Structural model assessment and hypotheses

Hypotheses		Std. Beta	SE	t value	95% CI	R²	f²	Q²
H1	FB \(\to\) FWB	**0.333	0.06	6.05	[0.23, 0.41]	0.283	0.122	0.143
H2	FL \(\to\) FWB	**0.165	0.05	3.42	[0.09, 0.25]		0.035
H3	FS \(\to\) FWB	**− 0.256	0.06	4.52	[− 0.34, − 0.15]		0.076
H4	FS \(\to\) FB	**− 0.353	0.05	6.67	[− 0.43, − 0.26]	0.121	0.135	0.067
H5	FL \(\to\) FB	− 0.027	0.05	0.56	[− 0.10, 0.05]		0.001
Mediating relationships:
H6	FS \(\to\) FB \(\to\) FWB	**−0.118	0.02	4.85	[− 0.17, − 0.07]
H7	FL \(\to\) FB \(\to\) FWB	− 0.009	0.02	0.55	[− 0.04, 0.02]
Control variables:
	H.Income	0.009	0.06	0.15	[− 0.09, 0.10]
	P.Income	− 0.008	0.06	0.14	[− 0.11, 0.09]
	Education	− 0.031	0.05	0.65	[− 0.11, 0.05]
	Employment	0.060	0.05	1.30	[− 0.02, 0.13]

Significance at \(**{p}<0.01\); FB = Financial behaviour; FL = Financial literacy; FS = Financial stress; FWB = Financial well-being; H.Income = Household monthly income; P.Income = Personal monthly income