This study investigates the association among being farmers, psychological factors, and demographic factors for three research questions: (a) how respondents can be grouped by being farmer, psychological factors, and demographic factors, (b) whether farmers are showing higher financial well-being, and (c) how psychological factors are associated with the groups. Findings of this research suggest substantial need for more comprehensive approach to financial well-being of people even in the same job category by considering different psychological factors such as financial risk tolerance and demographic profiles.
