An empirical study on financial well-being during the COVID-19 in India
Ujjal Sanyal & Furquan Uddin
What the paper says
Financial well-being is one of the several significant issues with its implications throughout the world. The outbreak of coronavirus or COVID-19 has rattled the Indian economy and made a colossal impact on the individual and financial well-being. It is the need of the hour, to quest for the factors that might determine the current psychological status of the people who make an enormous contribution to the financial infrastructure and superstructure of the country. A survey (n = 172) was conducted using convenience sampling on financial well-being during the COVID-19 in India. It also investigated how an ongoing pandemic affects individual perception of the future economic outlook in relation to their financial well-being. With the help of exploratory factor analysis and regression analysis, we identified that financial ignorance, satisfaction with life; financial stress and financial literacy were key contributing elements that constitute financial well-being in India.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.00 × 0.4 = 0.00 |
| M · momentum | 0.20 × 0.15 = 0.03 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.