Finanzielles Wohlergehen in Deutschland: Ergebnisse einer repräsentativen Erhebung

Abstract

This study uses exploratory data analysis to investigate the determinants of financial well-being in Germany. Based on a sample of n = 2,000 respondents, descriptive analyses, bivariate correlations, exploratory factor analysis, and multiple regression analyses are conducted to examine which sociodemographic characteristics and context factors predict financial well-being. The results show that context factors are the strongest predictors of financial well-being, substantially exceeding the predictive power of sociodemographic characteristics. Notably, all sociodemographic variables (with the exception of income) lose their independent predictive power when context factors are controlled for. Dimension-specific analyses reveal that economic concerns primarily impair subjective well-being, whereas low financial self-efficacy has a stronger impact on objective well-being. Furthermore, suppressor effects are identified for the variables age and financial role models, highlighting the complexity of the underlying determinant structure. The findings suggest that financial well-being should be conceptualized as a biopsychosocial construct. Moreover, interventions aimed at strengthening financial self-efficacy and reducing economic concerns may represent effective approaches to improving financial well-being.