THE RICHER, THE HAPPIER? –AN ASSESMENT OF CAUSAL RELATIONSHIP BETWEEN FINANCIAL WELL BEING AND OVERALL LIFE SATISFACTION AMONG THE COLLEGE TEACHERS IN KERALA
Do people become happier as they grow richer? Do teachers become academically successful when they are financially stable? The purpose of the study is to assess the potential causal relationship between financial wellbeing and over all life satisfaction among the college teachers in Kerala. It also analysed the impact of gender on financial wellness and life satisfaction to identify if any significant differences exist between male and female respondents. The researchers used a simple random sampling technique to gather primary data from 250 college teachers, including 136 males and 114 females. The findings of the study suggested that gender does not have a significant impact on financial well-being and life satisfaction among college teachers in Kerala. The independent t-test results showed no significant difference between male and female respondents in terms of financial well-being and life satisfaction. Therefore, the study indicates that gender is not a determining factor in determining financial well-being and life satisfaction in this particular population. Overall, the study's results provide valuable insights into the financial well-being and life satisfaction of college teachers in Kerala and suggest that gender does not play a significant role in shaping these outcomes. The findings can assist in formulating policies and programs aimed at improving the financial well-being and life satisfaction of college teachers in Kerala, regardless of their gender.
Life Satisfaction, Financial well-being, Gender, College teachers, Kerala