Hypotheses. As outlined in the previous section, objective and subjective financial knowledge have often been regarded as separate constructs that both are positively related to financial well-being. The relation of both types of knowledge with financial well-being, however, has not received much research attention (▇▇▇▇ et al., 2020). In the present study, we add to the existing literature by testing the following first hypothesis: Hypothesis 1 The combination of high objective and high subjective financial knowledge is associated with more financial well-being. Hypothesis 2 Paying bills on time, active saving, covering normal living expenses, making considered purchases, and striving to achieve long-term goals are associated with more financial well-being.
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