Review2024

Mapping the literature on financial satisfaction: a systematic literature review and bibliometric analysis

Vishal Sharma · Rajesh Kumar · Jinesh Jain · Prerna Ahuja

12 citations0/0 files storedQualitative Research in Financial Markets

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Financial Literacy, Pension, Retirement Analysis Psychological Well-being and Life Satisfaction Financial Literacy and Behavior

Abstract

Purpose The research on financial satisfaction has risen substantially in recent years due to its importance in personal financial planning and individuals’ subjective well-being. Hence, this study aims to map the existing literature on financial satisfaction to present the current state of knowledge and identify substantial gaps. Design/methodology/approach The present review uses 109 articles published between 1985 and March 2024 and retrieved from the Scopus database. The study deploys a systematic literature review (SLR), bibliometric analysis and content analysis to attain the objectives. Through bibliometric analysis, the present study highlights the most influential authors, journals, countries and affiliations, augmenting the literature on financial satisfaction. Moreover, the study presents the detailed antecedents and consequences of financial satisfaction through content analysis. Findings The study outlines that most studies in the financial satisfaction area revolve around its antecedents and consequences. The review details multiple antecedents affecting financial satisfaction, such as socioeconomic, psychological, social, personality, religious, financial literacy, financial behavior and technological factors. The prominent consequences of financial satisfaction include subjective well-being, life satisfaction, happiness, emotional and financial well-being, relationship quality, work engagement and sustainable growth. Originality/value The present research is an inaugural SLR that comprehensively maps the existing intellectual structure on financial satisfaction. In addition, it offers future research directions for further developments on the subject.

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References

2003Towards a Methodology for Developing Evidence‐Informed Management Knowledge by Means of Systematic Review 2021Scientific procedures and rationales for systematic literature reviews (SPAR‐4‐SLR)1995Cross-cultural correlates of life satisfaction and self-esteem.2020Google Scholar, Microsoft Academic, Scopus, Dimensions, Web of Science, and OpenCitations’ COCI: a multidisciplinary comparison of coverage via citations 2009Financial Socialization of First-year College Students: The Roles of Parents, Work, and Education 2009How to normalize cooccurrence data? An analysis of some well‐known similarity measures 2017How Am I Doing? Perceived Financial Well-Being, Its Potential Antecedents, and Its Relation to Overall Well-Being 2020Google Scholar, Microsoft Academic, Scopus, Dimensions, Web of Science, and OpenCitations’ COCI: a multidisciplinary comparison of coverage via citations

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