Studies on household financial vulnerability based on literature review

• Main Authors: LinXi Shi, Thien Sang Lim
• Format: Article
• Language: English
• Published: Frontiers in Economics and Management 2024
• Subjects: HG179 Personal finance; HG3691-3769 Credit. Debt. Loans Including credit institutions, credit instruments, consumer credit, bankruptcy
• Online Access: https://eprints.ums.edu.my/id/eprint/42860/1/FULL%20TEXT.pdf; https://eprints.ums.edu.my/id/eprint/42860/; https://doi.org/10.6981/FEM.202407_5(7).0005

The fast growth economy and the increasing variety of its financial markets have led to household financial vulnerability becoming a significant risk factor that impacts both financial and social stability. Understanding the financial vulnerability and risk resistance of households can help inform macroeconomic policy and microeconomic decision-making and promote sustainable social development. This study utilizes literature analysis to investigate household financial vulnerability from the macro level to the household level. The study defines the concepts and measurement methods of household financial vulnerability. Additionally, it explores the primary factors that influence household financial vulnerability. This study offers theoretical insights for further research on household financial vulnerability.