Household Financial Behaviors in times of Crisis
How do households in a crisis, marked with price volatility, employment uncertainty, and complex information alter their savings, borrowing, and payment behavior? Image via Forbes Shocks with prolonged effects on the economy and social life of people seep into a household's daily routine. One major domain that gets severely impacted is the household's finance. Negative effects of these shocks, which may take forms of economic crisis, natural disaster, or pandemics, can alter