IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/21534_20.html
   My bibliography  Save this book chapter

Financial behavior and financial fragility

In: A Research Agenda for Consumer Financial Behavior

Author

Listed:
  • Malvika Chhatwani
  • Sudipta Sen

Abstract

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.

Suggested Citation

  • Malvika Chhatwani & Sudipta Sen, 2023. "Financial behavior and financial fragility," Chapters, in: Jing J. Xiao & Satish Kumar (ed.), A Research Agenda for Consumer Financial Behavior, chapter 20, pages 273-286, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21534_20
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/edcoll/9781803922652/9781803922652.00029.xml
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:21534_20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.