Impact of COVID-19 on lifestyle and financial behaviour: The implications to research in financial vulnerability

Ning Ma; Yam Wing Siu; Tsun Se Cheong; Brian Tung

doi:10.3389/fpsyg.2022.1073017

Impact of COVID-19 on lifestyle and financial behaviour: The implications to research in financial vulnerability

Front Psychol. 2022 Dec 13:13:1073017. doi: 10.3389/fpsyg.2022.1073017. eCollection 2022.

Authors

Ning Ma¹, Yam Wing Siu², Tsun Se Cheong², Brian Tung²

Affiliations

¹ Hainan College of Economics and Business, Haikou, China.
² Department of Economics and Finance, The Hang Seng University of Hong Kong, Hong Kong, Hong Kong SAR, China.

Abstract

The outbreak of coronavirus pandemic in late 2019 posted unprecedented social-economic challenges and disruptions to societies and individuals. The "new-normal" styles of living and working could intertwined with other determinants complicating the investigation of individual's financial vulnerability. The purpose of this paper is to conduct literature survey to review and consolidate the recent scattered literatures to identify some possible factors to be considered in the research related to financial vulnerability, including pandemic's impact of COVID-19 to different aspects of personal finance issues, pandemic-driven digitisation of the economy activities, changes in financial behaviour and addiction to digital technology.

Keywords: COVID-19 pandemic; addiction to digital technology; digitisation of the economy; financial vulnerability; personal finance.