T. Ravikumar|M. Sriram|S. Girish|R. Anuradha|M Gnanendra
Financial stress, financial literacy, and financial insecurity in India’s informal sector during COVID-19
Christ University|School of Business and Management|Christ University|School of Business and Management|Christ University|Christ University|School of Business and Management|School of Business and Management|Christ University
lockdowns restrictions imposed control covid19 made life miserable people especially involved informal economic activities pandemic induced financial hardships caused financial anxiety financial stress among informal sector participants study aimed measure analyze financial stress financial insecurity one important informal sector elements street vendors india street vendors bangalore interviewed descriptive research personal interaction telephonic interviews collected primary data processed using spss statistical package results indicated pandemic inflicted financial stress street vendors irrespective gender marital status age education monthly income type product dealt financial stress levels varied depending number dependents street vendors business nature financial literacy differed according street vendors marital status person becomes extremely sensitive cautious personal finance matters getting married financial stress financial literacy correlated negatively 895 street vendors perceived financial insecurity future due pandemic results indicated financial stress financial literacy affect financial insecurity perceptions street vendors predictors financial insecurity marital status number dependents street vendors r2 166 however marital status alone impacted 6 variance financial insecurity study concluded pandemic caused financial stress financial insecurity among street vendors financial stress financial literacy