Financial Fortitude in India: Exploring the Interplay of Core Self Evaluation, Financial Well-being, and Resilience

This research explores the dynamic interplay between Core Self-Evaluations (CSE) and financial outcomes, with particular regard to Financial Well-being (FWB) and Financial Resilience (FR) in India. This study integrates psychological constructs such as self-esteem, self-efficacy, locus of control, and emotional stability with financial behaviors. The study's findings reveal significant positive relationships between core self-evaluations, financial well-being, and financial resilience. Further, this stresses the critical influence of individual psychological attributes on financial decision-making and stability, highlighting self-perceptions’ essential role in achieving improving life satisfaction. The analysis extends our conception of financial behaviors to include both conventional economic and financial indicators and psychological factors significantly influencing financial outcomes. The discernments this research provides support targeted educational and policy interventions intended to reinforce economic stability and enrich life satisfaction, specifically among Indian Gen 'Y' and Gen' Z’ in a fast-paced developing economic environment.