Determinants of Financial Resilience and Its Impact on Economic Well-Being of Young Adults Aged 20–29 in Mexico
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Valencia-Márquez Liduvina, Garcìa-Santillàn Arturo, Tejada-Peña Esmeralda, Cabrera-Gutiérrez Rosalba
Tecnológico Nacional de México/Sede Toluca (México), Universidad Autonoma de Aguascalientes, Ags. (Mexico)
This study examines the influence of financial resilience on the financial well-being of young adults aged 20 to 29 in Mexico. The objective is to determine how adaptive financial behaviors, structural financial soundness, and credit management strategies contribute to overall financial well-being in this transitional stage of economic independence. A non-experimental, cross-sectional design was used, with a convenience sample of 169 participants. Data were collected via a structured survey assessing perceptions of financial health, lived financial experiences, and actions taken to address financial challenges. Exploratory and confirmatory factor analyses were conducted within a structural equation modeling framework, complemented by reliability and model fit assessments. Results indicate that financial resilience is multidimensional and contextually sensitive in young adults, integrating active management strategies, financial soundness, credit discipline, and structural sustainability of indebtedness. Unlike previous validations in established worker populations, normative beliefs about financial prudence were integrated within behavioral dimensions rather than forming an independent factor. Findings suggest that lived experiences and active strategies are stronger predictors of financial well-being than abstract beliefs, supporting a behavioral and action-oriented conceptualization of financial resilience. Limitations include the cross-sectional design, non-probabilistic sampling, and reliance on self-reported measures, which restrict causal inference and generalizability. Future research should examine longitudinal designs, evaluate factorial invariance across age groups, and explore the interplay of financial education, self-efficacy, and adaptive behaviors over the life cycle. Practical implications highlight the importance of interventions that promote strategic financial behaviors and applied financial education to strengthen resilience in young adults.
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