Warning: count(): Parameter must be an array or an object that implements Countable in /var/www/clients/client4/web58/web/wp-includes/post-template.php on line 284
Reena Agrawal | Charu Saxena | Pratibha Thakur
pages: 74-88; JEL classification: M40, M41; Keywords: Financial Resilience, Financial Security, Financial Cushion, Preparedness, Financial Literacy; Abstract: The current research was taken up to identify and assess the key enablers of household financial resilience in Southwest Asian nations. The research technique used was Interpretive Structural Modeling. We identified twelve enablers which impact household financial resilience which we then used to try to explore financial resilience in South-West Asian households. The aim of the study was to identify the key enablers that influence urban households’ financial resilience in Southwest Asian nations, evaluate the contextual relations between the identified enablers and develop a hierarchical framework of enablers of urban households’ financial resilience in South-West Asian nations. The findings of the research disclosed that financial security was the most crucial enabler for household financial resilience followed by financial cushion at level two. However, education level and financial literacy were the foundation stones of the proposed model.