ArticleSocial indicators research2022
Financial Shocks and Financial Well-Being: What Builds Resiliency in Lower-Income Households?
Article in Social indicators research, 2022. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 9 papers.
What it found
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The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.
The trial behind it
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Who cites it
9 citing papers in PubMed, 56 citations in OpenAlex.
- The 6-item InCharge financial distress/financial wellbeing (IFDFW-6) scale: Development and validation in pharmacy and epidemiology research.Exploratory research in clinical and social pharmacy · 2026Article
- The mediating role of financial behavior in the relationship between psychological capital and financial wellbeing: evidence from a cross-sectional study in China.Frontiers in psychology · 2026Article
- Article
- Health financial resilience in individuals and households: a scoping review of components, strategies and outcomes.BMC public health · 2025Article
- Productivity changes during the COVID-19 pandemic and its associated risk factors.Scandinavian journal of work, environment & health · 2025Article
- Determinants of food insecurity in homeless people: evidence from the territory-wide homeless census in Hong Kong.Public health nutrition · 2025Article
- Building Wealth, Building Health: Asset Holding and Health Care Utilization Among U.S. Immigrants.Healthcare (Basel, Switzerland) · 2025Article
- Household Spending Patterns and Hardships during COVID-19: A Comparative Study of the U.S. and Israel.Journal of family and economic issues · 2022Article
- Development of three new multidimensional measures to assess household food insecurity resilience in the United States.Frontiers in public health · 2022Article
Corrections and comments
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Authors and funding
5 authors at 1 institution in 1 country.
Funding
No grant is acknowledged in the PubMed record.
Abstract
Households in the U.S. regularly experience unexpected negative income or expense shocks, and low- and moderate-income households experience these shocks at disproportionately high rates. Relatively little is known about the impact these shocks have on households' subjective sense of financial well-being, and how access to different types of liquidity (e.g., liquid assets, credit cards, social resources, and income flows) can mitigate the impact of these shocks on subjective financial well-being. To address these gaps in the literature, this paper uses data from a two-wave survey administered to 3,911 low- and moderate-income tax filers in 2018. Applying a difference-in-difference analysis, we find that the experience of an income shock between survey waves was associated with a large decline in subjective financial well-being, while the experience of an expense shock was associated with a more modest decline. Relatively liquidity-constrained households tended to be more negatively impacted by shocks than their counterparts, though not all sources of liquidity were equally as effective in buffering households against shocks. The findings of this paper point to the need for policymakers and program administrators to develop tools that can facilitate access to different types of liquidity to offset different financial risks for households.
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Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.