The Financial Factors Affecting The Well-Being Of Students In Chinese Higher Vocational Colleges - A Case Study Of Guiyang, China

Yang Yang (), Nusanee Meekaewkunchorn, Tatchapong Sattabut and Chaiyawit Muangmee
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Yang Yang: Bansomdejchaopraya Rajabhat University
Nusanee Meekaewkunchorn: Bansomdejchaopraya Rajabhat University
Tatchapong Sattabut: Bansomdejchaopraya Rajabhat University
Chaiyawit Muangmee: Bansomdejchaopraya Rajabhat University

A chapter in Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023), 2024, pp 511-518 from Springer

Abstract: Abstract The purpose of the research is to explore the financial factors affecting the well-being of students in Chinese Higher vocational colleges -- A case Study of Guiyang, China and to analyze the financial factors affecting the well-being of students in Chinese Higher vocational colleges--A case Study of Guiyang, China. This research integrated quantitative research techniques. In-depth interview of business of Vocational College Students in Guiyang City, China and to develop a valid and reliable questionnaire, as an instrument for quantitative research. The samples collected were 400 questionnaires submitted by vocational college students in Guiyang, China. Using Taro Yamane’s formula at a tolerance level of 0.05. The data were analyzed by using descriptive statistics of percentage, mean, and inferential statistics of Regression Analysis. The research revealed that: Financial literacy and financial socialization have a significant positive impact on financial well-being. Through learning and enhancing financial literacy, students will be able to better manage their finances, cope with risks and make full use of financial resources and services. When students actively participate in financial socialization, they have access to more financial information, resources, and opportunities, and can expand their networks and social resources, thereby enhancing their financial well-being. This will bring them better financial status and financial well-being, and lay a solid foundation for future personal development. Financial anxiety has a significant negative impact on financial well-being. Financial anxiety can cause students to feel uneasy about their financial situation, increasing their feelings of stress and anxiety, and can also lead to a lack of confidence in their financial knowledge and skills, which can discourage students from actively engaging in financial activities and reduce their financial well-being.

Keywords: Financial well-being; Financial literacy; Financial socialization; Financial anxiety (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-368-9_60

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DOI: 10.2991/978-94-6463-368-9_60

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