Financial Inclusion and Psychological Wellbeing: A Systematic Review

Abdulmalik Atta

doi:10.56741/jmsd.v3i01.401

Authors

Abdulmalik Atta
aatta@cbn.gov.ng
Central Bank of Nigeria

DOI:

https://doi.org/10.56741/jmsd.v3i01.401

Keywords:

Africa, Financial Inclusion, Psychological Wellbeing, Systematic Review

Abstract

The focus of this study is to evaluate the literature on the connections between financial inclusion and psychological wellbeing through a systematic review. The results implied that the literature utilized financial services, capacity, resilience, and financial awareness to measure financial inclusion. Indicators of psychological well-being include contentment and happiness, good housing and health, ownership of assets, financial security, and accessibility to sanitation services. Financial inclusion results in greater financial wellness, which benefits psychological wellbeing. Therefore, there is need for proactive measures to ensure that the financially excluded people are integrated into the financial system, which will improve their psychological wellbeing.

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Author Biography

Abdulmalik Atta, Central Bank of Nigeria

is a Financial System Analyst currently affiliated with the Central Bank of Nigeria. Additionally, he is associated with Nile University of Nigeria, located in Abuja, Federal Capital Territory. With a substantial following and a wide network of professional connections, he actively engages in sharing insights and knowledge within his field. His commitment to research and development is evident in his continuous efforts to contribute valuable insights to the financial sector. (email: aatta@cbn.gov.ng).

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