Human-centred factors of decision-making for financial resilience

Abstract

In this paper, we have adapted the components and factors of an existing financial resilience measurement framework, and leveraged a survey that reflects the decision-making of Irish social housing residents in money management and their capacity to cope with unexpected financial shocks. Extending existing financial literacy definitions, this paper shifts the perspective from measuring financial resilience components to exploring the drivers that could impact that resilience at an individual level. This bridging of the objective and subjective domains contributes to the common good by exploring how citizens deal with daily decision-making in a financialised world.