Journal of Business & Financial Affairs

Department of Finance and Economics, Nova Southeastern University, Fort Lauderdale, FL 33328, USA

Publications

• Mini Review   
  The COVID-19 Crisis and Household Overindebtedness: The Impact of Debt and Financial Literacy
  Author(s): Evelyn Cox*
  
  The COVID-19 pandemic has had a profound impact on global economies and individual households, exacerbating pre-existing financial vulnerabilities and creating new ones. This article examines the relationship between the COVID-19 crisis and household overindebtedness, with a particular focus on the role of debt and financial literacy. The pandemic has led to increased unemployment, reduced income, and heightened financial insecurity, driving many households into deeper debt. At the same time, financial literacy plays a crucial role in mitigating these adverse effects by enabling individuals to make informed financial decisions. This comprehensive analysis draws on a wide range of literature to explore the multifaceted impacts of the pandemic on household debt levels and the importance of financial literacy in navigating these challenges. The findings highlight .. Read More»
  DOI: 10.37421/2167-0234.2024.13.497

  Abstract HTML PDF