Global Journal of Management and Business Research, C: Finance, Volume 22 Issue 5

Table 7: Estimates Estimate F_WELLBEING <--- F_KNOWLEDGE -.030 F_WELLBEING <--- F_ATTITUDE .395 F_WELLBEING <--- F_BEHAVIOUR .335 F_WELLBEING <--- F_SOCIALISATION .088 Source: Author Compliance Total Effects (Group number 1 - Default model) Table 8: Total Effects F_SOCIALISATION F_BEHAVIOUR F_ATTITUDE F_KNOWLEDGE F_WELLBEING .065 .247 .331 -.044 Source: Author Compliance As per Table 8, It is Clear The total (direct and indirect) effect of F_KNOWLEDGE on F_WELLBEING is - .044. The total (direct and indirect) effect of F_ATTITUDE on F_WELLBEING is .331. The total (direct and indirect) effect of F_BEHAVIOUR on F_WELLBEING is .247. The total (direct and indirect) effect of F_SOCIALIZATION on F_WELLBEING is .065. Table 9: Intercepts: (Group Number 1 - Default Model) Estimate S.E. C.R. P Label F_WELLBEING 1.790 .247 7.234 *** par_14 Source: Author Compliance As per Table 9, The intercept in the equation for predicting F_WELLBEING is estimated to be 1.790.The probability of getting a critical ratio as large as 7.234 in absolute value is less than 0.001. In other words, the intercept in the equation for predicting F_WELLBEING is significantly different from zero at the 0.001 level (two- tailed). On the basis of the result, the researcher comes up with reframed financial literacy and financial well- being model as shown in figure 5. Figure 5: Final financial literacy and financial wellbeing Model 47 Global Journal of Management and Business Research Volume XXII Issue V Version I Year 2022 ( ) C © 2022 Global Journals Determinants of Financial Literacy and its Effect on Financial Wellbeing-A Study on Young Population