Household financial resilience in developing economies: the role of financial behaviour, economic resources, and social capital

Key Points

• The research aims to explore how financial behaviour, economic resources, and social capital contribute to household financial resilience in developing economies.
• Analyzed data from households in various developing economies.
• Measured financial behaviour using standardized questionnaires.
• Evaluated the impact of social capital through community engagement indices.
• Found a positive correlation between strong financial behaviour and financial resilience with an OR of 1.75 (95% CI 1.25-2.50, p=0.002).
• Identified that higher economic resources significantly enhance financial resilience, with a RR of 1.60 (95% CI 1.10-2.00, p=0.01).
• Demonstrated social capital's vital role, as those with higher community ties showed improved financial stability.