Financial behavior and well-being of rice farmers in Island Garden City of Samal

Abstract

The study aimed to investigate the financial behavior and well-being of rice farmers in Island Garden City, Samal. The research design employed was quantitative descriptive correlational, utilizing statistical tools such as the mean and Pearson's correlation coefficient. Data collection involved distributing survey questionnaires to 122 rice producers in the mentioned area. The results indicated that the financial behavior of rice producers exhibited an average mean score, suggesting moderate manifestation of the measured variables. In addition, the fact that the items have an average mean score indicates that they are fairly evident. Additionally, there is a direct link between happiness and financial behavior. It is possible for rice farmers to uphold their excellent financial behavior, financial stability, and attainment of their financial goals in order to enhance their perceived well-being and financial behavior.