Financial Fragility Keluarga di Kota Medan
DOI:
https://doi.org/10.59086/jeb.v3i1.530Keywords:
Financial Fragility, Financial Behavior, Financial LiteracyAbstract
Reflecting on the experience of the Covid-19 pandemic which has affected almost all aspects of life, adaptation through a new normal lifestyle continues to have an impact today. This adaptation can be seen both in terms of lifestyle and financial behavior. Individuals or families who are financially literate are expected to behave more responsibly in order to have more stable conditions in all situations. Good financial behavior is expected to help individuals or families avoid financial fragility. The findings of this research indicate that the level of financial fragility of the people of Medan City was found to be quite good, namely only 27% of all respondents. The findings of this research also show that although people's financial literacy level is still categorized as poor, their financial behavior is quite good. In fact, people's financial behavior after the Covid-19 outbreak seems to have improved, this shows that people's behavior is very adaptive to changing circumstances. Keeping expenses below income, being more careful about paying bills on time, improving behavior to save more consistently, and increasing efforts to set aside funds for emergency needs are signs of improving financial behavior.
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