Abstract
This study examines the financial literacy of Generation X, focusing on dimensions such as financial awareness, experience, skills, self-efficacy, and overall financial well-being. The purpose is to understand the financial well-being Status by the X generation through financial literacy. A quantitative research design was employed using practical surveys distributed to a diverse 264 sample of Generation X individuals. Adopting convenience sampling, conducted survey in selected areas in Andhra Pradesh. The Data analysis was performed structural equation modelling, to identify relationships between financial literacy and wellbeing. The results show a significant positive relationship between financial literacy components and financial well-being and highlight that improved financial awareness and skills lead to increased financial self-efficacy. Additionally, the analysis shows that personal financial experiences significantly influence individuals’ confidence in managing their finances. The discussion highlights the need for targeted financial education programs that address the unique challenges facing Generation X, particularly in an increasingly complex financial landscape. The implications of this research are far-reaching.
Keywords: Awareness Skill, Financial Literacy, Knowledge and X-Gen, Self-Efficacy Well-Being