Resumo

OROZCO-OROZCO, Karla María; GARCIA-MATA, Osvaldo  e  ARANGO-HERRERA, Eduardo. Financial Literacy and Financial Well-Being Among Businesspersons from Victoria, Tamaulipas, Mexico. Rev. mex. econ. finanz [online]. 2024, vol.19, n.1, e965.  Epub 20-Maio-2024. ISSN 2448-6795.  https://doi.org/10.21919/remef.v19i1.965.

This study aims to analyze the relationship between financial literacy and financial well-being among businesspersons in Ciudad Victoria, Tamaulipas, México. The applied methodology includes confirmatory factor analysis and multiple linear regression models. Our results indicate that financial literacy is related to financial well-being directly through its financial behavior component and inversely through financial attitude. Moreover, financial knowledge was not significantly associated with it. Hence, we propose the following recommendations for businesspeople and entrepreneurs: becoming more involved in healthy financial inclusion and financial literacy practices and inspiring their transition from models focused solely on profits to others considering their self-realization and satisfaction. Its main limitations and implications are the scarcity of data to perform an analysis by industry, its geographical outreach, and its public policy repercussions. Its originality lies in analyzing financial well-being among businesspeople, a topic rarely studied in Mexico. Our conclusions impact the implementation of the financial inclusion policy in Mexico and, therefore, contribute to achieving the Sustainable Development Goals.

Palavras-chave : financial literacy; financial well-being; financial knowledge; financial behavior; businesspersons.