2020 SACAD Entrants

Document Type




Entry Category

Empirical- Undergraduate


The overall goal for this research project is to examine and determine certain factors that affect a person’s financial well-being. More importantly, each factor will be analyzed and controlled in order to articulate an explanation as to why certain financial well-being scores differ from individuals in different age groups. It is assumed that each person determines their state of finances differently because of certain variables that affect them. This regression model will show that income, gender, and marital status affect an individual’s personal financial well-being more significantly when they are between the ages of 25 and 34, in comparison to all other ages under 62. Also, one will be able to see the financial well-being scores amongst all age groups and how they greatly vary between total scores.