Financial behavior and financial fragility

Chhatwani, Malvika and Sen, Sudipta (2023) Financial behavior and financial fragility. In: A research agenda for consumer financial behavior. Edward Elgar Publishing Ltd., Cheltenham, pp. 273-286. ISBN 9781803922652

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According to the Consumer Financial Protection Bureau, about 40 percent of individuals had faced difficulty paying bills before the pandemic and the condition worsened during the pandemic. Recently household debt has increased to historically high levels and one of the reasons is that individuals are more financially fragile. In order to overcome this state of financial fragility, it is important to understand its meaning, definition, and its overall impact on one’s financial behavior. We discuss these details in this chapter by conducting a narrative literature review. Further, to take fruitful steps to eradicate financial fragility, we also review the literature on its conceptualization, antecedents, and consequences. Finally, we discuss future research directions and policy implications for financial fragility and its overall impact.

Item Type: Book Section
Keywords: Financial Fragility | Financial Literacy | Financial Behavior | Debt
Subjects: Social Sciences and humanities > Business, Management and Accounting > General Management
JGU School/Centre: Jindal School of Banking & Finance
Depositing User: Amees Mohammad
Date Deposited: 13 Jun 2023 08:57
Last Modified: 26 Jul 2023 11:33
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