Fostering Entrepreneurial Intention Among Gen Z: Exploring The Mediating Role Of Financial Wellbeing

Abstract

Entrepreneurship plays a significant role in job creation, innovation and overall economic and social development.  The aim of the study is to develop a conceptual framework to explore how Financial literacy (FL), Financial Well-being (FWB), and Entrepreneurial Education (EE) on developing Entrepreneurial Intention (EI) among Gen Z.  Data collected from 359 students from various universities in Bangalore. SEM (Structural Equation Model) was developed to illustrate the link between the constructs. KMO, EFA and CFA tests were conducted to establish the adequacy for the SEM model. The findings shows that FL and EE have a significant impact on FWB. FWB is determined as a mediator between FL, EE and its impact on EI. This study is essential for educators, policymakers, and stakeholders seeking to enhance Gen Z in navigating financial landscapes and fostering entrepreneurial mindsets, ultimately contributing to their holistic development and economic participation.