Community social capital key to financial well-being perception and equality.
The study looked at how social connections, personal skills, and financial resources affect how people feel about their money situation. They used data from a survey of 36 communities. The results showed that social connections play a big role in how people see their financial well-being. Community social connections have a stronger impact than individual ones. This means that having strong ties with your community can make you feel more financially secure. Social connections are also more evenly spread out among people compared to personal skills and money.