Wealth to happiness: A study among retired non- Government employees of Kolkata

Abstract

Personal finance is a subject that is related with consumption potential of individual and household. It is driven by both income generation and wealth. It is concerned with income generation, savings and investment of individuals. The subject also involves the analysis of investments and management of liabilities of individuals. The broad areas covered by personal finance are income, expenditure, savings, and investments of individuals. Financial matters are related to all spheres of personal and family life and this is the reason why researchers always investigate financial issues in personal decision making. Significant areas of research are the identification of the characteristics of financial problems and understanding financial wellness. The study targets non-Government employees in Kolkata who have retired and tries to understand the source of happiness among such people and whether it is dependent on material wealth.