Table 6 Hypothesis testing.

From: The nexus of financial socialization, financial literacy, financial capability and financial well-being: women’s perspective with structural equation modeling approach

Hypotheses

Hypothesized path

Path coefficient

t-value

Results

H1

Financial Socialization → Financial Well-Being

0.002

3.168*, **

Supported

H2

Financial Literacy → Financial Well-Being

0.142

1.467

Not Supported

H3

Financial Autonomy → Financial Well-Being

0.000

5.301***

Supported

H4

Financial Socialization → Financial Capability

0.000

6.068***

Supported

H5

Financial Literacy → Financial Capability

0.000

7.012***

Supported

H6

Financial Autonomy → Financial Capability

0.000

5.591***

Supported

H7

Financial Capability → Financial Well-Being

0.000

8.689***

Supported

  1. Significant at: ***p < 0.001, *p < 0.01, *p < 0.05.
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