Assessing Financial Well-Being and Awareness to Prevent Financial Frauds – A Study Based on Kolkata
Financial well-being refers to a person's ability to satisfy present and future financial obligations, to feel confident about their economic situation, and to make decisions that allow them to enjoy life. Financial fraud is also a serious problem that has far-reaching implications in the banking industry, government, business, and for everyday people. This study is mainly focused to measure the financial well-being of the individuals and identifying the demographic variations on the basis of it. Further this study is also intended to gauge the association between financial well-being of an individual and his awareness regarding the financial frauds as in this digital era financial fraud is a very is one of the major obstacles which a person has to face in his daily life.