The Association between Goal-Setting and Financial Well-Being

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Live Poster Session: Zoom Link

Finn Ahrens

Finn Ahrens, a Sophomore at Wesleyan University, is pursuing a balanced academic journey with majors in Economics and minors in Data Analysis and Global Studies. Originally from Rye, NY, he finds joy in traveling and hiking, exploring different cultures and landscapes. With a keen interest in finance, Finn plans to leverage his Wesleyan education to forge a career in the field after graduation.

Abstract: Current findings show that perceived financial well-being is a main predictor of overall well-being (Netemeyer et al., 2018). This study examines the association between financial well-being and an individuals perceived ability to follow their financials goals. Data was drawn from the Consumer Financial Protection Bureau, a nationally representative sample of adults in the United States. It is found that those who follow their financial goals are more likely to have a higher financial well-being score than those who do not. Future research is needed to determine the role of education and its impact on financial goal-setting.

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