Relationship Between Money, Financial Success and Human Well-Being: An Empirical Analysis

It is generally assumed that money and financial success plays crucial role in human well- being and it further motivates him to accumulate more wealth for increasing his satisfaction. To test this assumption statistically this study has aimed at analyzing relationship between money, financial success and human well-being through primary data analysis. The dependent variable was human well-being which was proxied of human happiness while independent variables include money and financial success. The findings reveal that there is a positive and significant association between money, financial success and human well-being. Therefore, the study suggests that access to finance and increasing earning opportunities for the youth can enhance their socio-economic well-being.