Financial well-being is a state of being financially healthy and happy. Financial well-being plays an important role in achieving Sustainable Development Goals (SDGs). Increasing financial well-being helps to promote SDGs 1, 3, 10 and 16. SDGs and financial well-being are interconnected in several ways. This article presents a systematic review of the literature on financial well-being and tries to link it with some important SDGs. The study included the research article from the Web of Science and Scopus index database. The article suggests an organising framework to identify significant research gaps and suggests future research directions by critically analysing the existing findings and providing a comprehensive, up-to-date overview of financial well-being and its relationship with SGDs that scholars or researchers from different areas can use to position and design future research. Researchers used R Studio software for the bibliometric analysis.

Financial well-being, sustainable development goals, poverty, R studio, inequalities, strong institutions and health, systematic literature review

Antoniades, A., Widiarto, I., & Antonarakis, A. S. (2020). Financial crises and the attainment of the SDGs: An adjusted multidimensional poverty approach. Sustainability Science, 15(6), 1683–1698. https://doi.org/10.1007/s11625-019-00771-z

Attanasio, O. P., & Pistaferri, L. (2016). Consumption inequality. Journal of Economic Perspectives, 30(2), 2–28. https://doi.org/10.1257/jep.30.2.3

Bansal, G., & Kumar, J. (2020). Financial literacy and financial well being: An empirical study. Deenbandhu Chhotu Ram University of Science and Technology.

Bashir, I., & Qureshi, I. H. (2023). A systematic literature review on personal financial well-being: The link to key Sustainable Development Goals 2030. FIIB Business Review, 12(1), 31–48. https://doi.org/10.1177/23197145221106862

Benson-Egglenton, J. (2019). The financial circumstances associated with high and low wellbeing in undergraduate students: A case study of an English Russell Group institution. Journal of Further and Higher Education, 43(7), 901–913. https://doi.org/10.1080/0309877X.2017.1421621

Boisjoly, J., Duncan, J. G., & Hofferth, S. (1995). Access to social capital. Journal of Family Issues, 16(5), 122–136. https://journals.sagepub.com/doi/abs/10.1177/019251395016005006?journalCode=jfia

Brown, S. M., Doom, J. R., Lechuga-Peña, S., Watamura, S. E., & Koppels, T. (2020). Stress and parenting during the global COVID-19 pandemic. Child Abuse and Neglect, 110, 104699. https://doi.org/10.1016/j.chiabu.2020.104699

Carton, F. L., Xiong, H., & McCarthy, J. B. (2022). Drivers of financial well-being in socio-economic deprived populations. Journal of Behavioral and Experimental Finance, 34, 100628. https://doi.org/10.1016/j.jbef.2022.100628

CFSI. (2018 October 7). Introduction to CFSI financial health. Center for Financial Services Innovation.

Consumer Financial Protection Bureau. (2019, January). Getting started with measuring financial well-being: A toolkit for financial educators (pp. 1–36) Consumer Financial Protection Bureau.

Currie, J., & Widom, S. (2010). Long-term consequences of child abuse and neglect on adult economic well-being. Child Maltreatment, 15(2), 111–120. https://doi.org/10.1177/1077559509355316

D’Acci, L. (2011). Measuring well-being and progress. Social Indicators Research, 104(1), 47–65. https://doi.org/10.1007/s11205-010-9717-1

Delafrooz, N., Paim, L., Sabri, M. F., & Masud, J. (2010). Effects of financial wellness on the relationship between financial problem and workplace productivity. World Applied Sciences Journal, 10(8), 871–878. https://scholar.google.com/scholar

Diener, E., Sandvik, E., Seidlitz, L., & Diener, M. (1993). The relationship between income and subjective well-being: Relative or absolute? Social Indicators Research, 28, 195–223.

Duhoon, A., & Singh, M. (2023). Corporate governance in family firms: A bibliometric analysis. IMIB Journal of Innovation and Management, 2(1). https://doi.org/10.1177/ijim.231174155

Fan, L., & Henager, R. (2022). A structural determinants framework for financial well-being. Journal of Family and Economic Issues, 43(2), 415–428. https://doi.org/10.1007/s10834-021-09798-w

Farid, S. F. (2019). Conceptual framework of the impact of health technology on healthcare system. Frontiers in Pharmacology, 10, 1–10. https://doi.org/10.3389/fphar.2019.00933

Fields, G. S. (2000). The dynamics of poverty, inequality and economic well-being: African economic growth in comparative perspective. Journal of African Economies, 9(Suppl. 1), 45–78. https://doi.org/10.1093/JAFECO/9.SUPPLEMENT_1.45

Friedline, T., Chen, Z., & Morrow, S. P. (2021). Families’ financial stress & well-being: The importance of the economy and economic environments. Journal of Family and Economic Issues, 42(s1), 34–51. https://doi.org/10.1007/s10834-020-09694-9

Fu, J. (2020). Ability or opportunity to act: What shapes financial well-being? World Development, 128. https://doi.org/10.1016/j.worlddev.2019.104843

García-Mata, O., & Zerón-Félix, M. (2022). A review of the theoretical foundations of financial well-being. International Review of Economics, 69(2)145–176. https://doi.org/10.1007/s12232-022-00389-1

Ghazali, M. S., Syed Alwi, S.F., Abdul Aziz, N.N., & Hazudin, S.F. (2020). Pathway to financial well-being: A review on the role of psychological factors. Environment-Behaviour Proceedings Journal, 5(13), 55. https://doi.org/10.21834/e-bpj.v5i13.2063

Hassan, M. F., Hassan, N. M., Kassim, E. S., & Said, Y. M. U. (2021). Financial wellbeing and mental health: A systematic review. Estudios de Economia Aplicada, 39(4). https://doi.org/10.25115/eea.v39i4.4590

Kaur, G., Singh, M., & Gupta, S. (2023). Analysis of key factors influencing individual financial well-being using ISM and MICMAC approach. Quality and Quantity, 57(2), 1533–1559. https://doi.org/10.1007/s11135-022-01422-9

Kim, J., Garman, E. T., & Sorhaindo, B. (2003). Relationships among credit counseling clients’ financial wellbeing, financial behaviors, financial stressor events, and health. Journal of Financial Counseling and Planning, 14(2), 75–87.

Kreutz, R. R., Silva, W. V. da, Vieira, K. M., & Dutra, V. R. (2021). State-of-the-art: A systematic review of the literature on financial well-being. Revista Universo Contábil, 16(2), 87. https://doi.org/10.4270/ruc.2020212

Kumar, S., Lim, W. M., Sivarajah, U., & Kaur, J. (2022). artificial intelligence and blockchain integration in business: Trends from a bibliometric-content analysis. Information Systems Frontiers, 25, 871–896. https://doi.org/10.1007/s10796-022-10279-0

Le Blanc, D. (2015). Towards integration at last? The sustainable development goals as a network of targets. Sustainable Development, 23(3), 176–187. https://doi.org/10.1002/sd.1582

Levine, R. (2021). Finance, growth, and inequality. IMF Working Papers, 2021(164), 1. https://doi.org/10.5089/9781513583365.001

Limbu, Y. B., & Sato, S. (2019). Credit card literacy and financial well-being of college students: A moderated mediation model of self-efficacy and credit card number. International Journal of Bank Marketing, 37(4), 991–1003. https://doi.org/10.1108/IJBM-04-2018-0082

Lupu, A. C., & Ivan, O. R. (2021). Achieving the sustainable development goals. The Annals of the University of Oradea Economic Sciences, 30(2), 147–154. https://doi.org/10.47535/1991auoes30(2)016

Mansor, M., Sabri, M. F., Mansur, M., Ithnin, M., Magli, A. S., Husniyah, A. R., Mahdzan, N. S., Othman, M. A., Zakaria, R. H., Mohd Satar, N., & Janor, H. (2022). Analysing the predictors of financial stress and financial well-being among the bottom 40 percent (B40) households in Malaysia. International Journal of Environmental Research and Public Health, 19(19), 12490. https://doi.org/10.3390/ijerph191912490

Markham, W. T., & Bonjean, C. M. (1995). Community orientations of higher-status women volunteers. Social Forces, 73(4), 1553–1571. https://doi.org/10.1093/sf/73.4.1553

McGarry, K. (2004). Health and retirement do changes in health affect retirement expectations. Journal of Human Resources, XXXIX(3), 624–648. https://doi.org/10.3368/jhr.XXXIX.3.624

Michael Collins, J., & O’Rourke, C. (2013). Finding a yardstick: Field testing outcome measures for community-based financial coaching and capability programs (August, pp. 1–17). University of Wisconsin-Madison http://fyi.uwex.edu/financialcoaching/files/2013/07/Report_Final.pdf

Mokhtar, N., Husniyah, A. R., Sabri, M. F., & Abu Talib, M. (2015). Financial well-being among public employees in Malaysia: A preliminary study. Asian Social Science, 11(18), 49–54. https://doi.org/10.5539/ass.v11n18p49

Nannicini, T., Stella, A., Tabellini, G., & Troiano, U. (2013). Social capital and political accountability. American Economic Journal: Economic Policy, 5(2), 222–250. https://doi.org/10.1257/pol.5.2.222

Nolan, C. T., & Garavan, T. N. (2016). Human resource development in SMEs: A systematic review of the literature. International Journal of Management Reviews, 18(1), 85–107. https://doi.org/10.1111/ijmr.12062

OECD. (2015 October). Inequality inclusive growth: Policy tools to achieve balanced growth in G20 economies. https://www.oecd.org/g20/topics/inclusive-growth/

Omoniyi, M. B. I., & Omoniyi, A. O. (2014). Unlocking potentials in developing country through education: A panacea for economic growth and poverty alleviation. Mediterranean Journal of Social Sciences, 5(23), 868–872. https://doi.org/10.5901/mjss.2014.v5n23p868

Palomäki, L. M. (2019). Does it matter how you retire? Old-age retirement routes and subjective economic well-being. Social Indicators Research, 142(2), 733–751. https://doi.org/10.1007/s11205-018-1929-9

Prakash, A. S., Gupta, A. K., & Kaur, S. (2022). Economic aspect of implementing green HR practices for environmental sustainability. IMIB Journal of Innovation and Management, 1(1). https://doi.org/10.1177/ijim.221109016

Prather, C. G. (1990). The ratio analysis technique applied to personal financial statements: Development of household norms. Journal of Financial Counseling and Planning, 1, 53–67.

Reynolds, A. J., Temple, J. A., Ou, S. R., Robertson, D. L., Mersky, J. P., Topitzes, J. W., & Niles, M. D. (2007). Effects of a school-based, early childhood intervention on adult health and well-being: A 19-year follow-up of low-income families. Archives of Pediatrics and Adolescent Medicine, 161(8), 730–739. https://doi.org/10.1001/archpedi.161.8.730

Riphahn, R. T. (1999). Income and employment effects of health shocks: A test case for the German welfare state. Journal of Population Economics, 12(3), 363–389. https://doi.org/10.1007/s001480050104

Singh, H. P., Singh, A., Alam, F., & Agrawal, V. (2022). Impact of sustainable development goals on economic growth in Saudi Arabia: Role of education and training. Sustainability, 14(21), 1–25. https://doi.org/10.3390/su142114119

van Praag, B. M. S., Frijters, P., & Ferrer-i-Carbonell, A. (2003). The anatomy of subjective well-being. Journal of Economic Behavior and Organization, 51(1), 29–49. https://doi.org/10.1016/S0167-2681(02)00140-3

Vlaev, I., & Elliott, A. (2014). Financial well-being components. Social Indicators Research, 118(3), 1103–1123. https://doi.org/10.1007/s11205-013-0462-0

Wolff, E. N., & Zacharias, A. (2009). Household wealth and the measurement of economic well-being in the United States. Journal of Economic Inequality, 7(2), 83–115. https://doi.org/10.1007/s10888-007-9068-6

Xiao, J. J., & Porto, N. (2022). Financial capability and wellbeing of vulnerable consumers. Journal of Consumer Affairs, 56(2), 1004–1018. https://doi.org/10.1111/joca.12418

Zahoor, N., Al-Tabbaa, O., Khan, Z., & Wood, G. (2020). Collaboration and internationalization of SMEs: Insights and recommendations from a systematic review. International Journal of Management Reviews, 22(4), 427–456. https://doi.org/10.1111/ijmr.12238