The path to resilience: Exploring household financial vulnerability

Title

The path to resilience: Exploring household financial vulnerability

Creator

Biju D.S.; Tantia V.

Description

Household financial vulnerability represents a significant financial challenge, predominantly impacting low and middle-income households when faced with sudden changes in income or expenses. At the household level, this vulnerability might arise as short-term liquidity issues or long-term solvency concerns. While household debt is a primary factor contributing to this vulnerability, elements like financial capability and the use of digital payments also play roles. The repercussions of household financial vulnerability encompass financial stress and potential bankruptcy, underscoring the critical need to comprehend its dynamics. Thus, this chapter aims to extensively explore household financial vulnerability, including its determinants, theoretical frameworks, assessment methodologies, and strategies for mitigation. 2024 by IGI Global. All rights reserved.

Source

Contemporary Research and Practices for Promoting Financial Literacy and Sustainability, pp. 20-49.

Date

2024-01-01

Publisher

IGI Global

Coverage

Biju D.S., Christ University, India; Tantia V., Christ University, India

Rights

Restricted Access

Relation

ISBN: 979-836930864-6; 979-836930863-9

Format

Online

Language

English

Type

Book chapter

Identifier

https://doi.org/10.4018/979-8-3693-0863-9.ch002

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85204545036&doi=10.4018%2f979-8-3693-0863-9.ch002&partnerID=40&md5=252593e7c6460a3e72a84e23f88ed664