<p>The purpose of the study is to examine the dynamics of financial well-being in the context of challenging economic conditions. Central to this research are the key concepts of financial stress, social support, and financial self-efficacy, which are recognized as having a significant impact on individuals’ financial well-being. Using a conceptual model that encompasses these determinants, this research employs a structural equation modeling to examine the intricate relationships between these variables. The goodness-of-fit indices obtained for the structural equation model is found <i>X</i>^<i>2</i><i>/df</i> = 2.666; <i>RMSEA</i> = .048 <i>SRMR</i> = .053; <i>CFI</i> = .97; <i>GFI</i> = .94. The model showed a good fit. Based on a sample of 738 participants, the analysis examines how social support, self-efficacy, and stress shape individuals’ financial well-being, and identifies both the direct and indirect relationships. This study makes a significant contribution by examining financial well-being in the context of challenging economic conditions, shedding light on the psychological implications of social support, stress and self-efficacy in this area.</p>