“…In general, the concept of well‐being describes the condition of individuals or groups in different areas such as their psychological, physical, social or economic status (Diener & Ryan, ; Iyer & Muncy, ; Lee & Ahn, ; Sirgy & Lee, ). Especially within the scope of marketing and psychology, the relevance of consumer well‐being has grown (Albrecht, Stokburger‐Sauer, Sprott, & Lehmann, ; Pancer & Handelman, ). Summarizing existing literature, it can be said that on the one hand, well‐being is defined “as a general evaluation of a person's life and considers happiness and life satisfaction to be components of it” (Neulinger & Radó, , p. 17).…”