scholarly journals Financial Anxiety and Resilience among Rural Poor: An Exploration of Social Work Implication

2021 ◽  
pp. 28-34
Author(s):  
Sachin B S ◽  
Ramesh B ◽  
Saravana K ◽  
Rajashekar C
Keyword(s):  
Social Work ◽  
Financial Literacy ◽  
Occupation Number ◽  
Sampling Technique ◽  
Vital Role ◽  
Poor People ◽  
Rural Poor ◽  
Main Challenge ◽  
Financial Anxiety ◽  
Financial Social Work

Purpose of the Study: Financial literacy is the main challenge for the rural population of India. It also plays a vital role in the economic outlook. In India, many poor people do not have a bank account, and only a few understand the concept of financial literacy. Due to lack of financial literacy many rural poor experience financial anxieties hence the present study was taken up to know the financial anxiety and resilience behavior among rural poor. Methodology: The present study adopted the descriptive research design 62 respondents were selected for data collection from poor rural households by adopting the purposeful sampling technique in the Kodigenahalli Gram Panchayat jurisdiction. The present study was carried to assess the level of financial anxiety and its relationship with socio-demographical aspects. Main Findings: The present study found that financial anxiety is experienced by the rural poor, and there is a correlation between education, occupation, number of household members with financial anxiety of the respondents. Implication: The researcher proposed the need for Social Work Intervention to address financial anxiety and financial literacy. The novelty of the study: The present study has described the level of financial literacy and financial anxiety that exists among the rural poor in Karnataka (India) and explored the scope of Financial Social Work in addressing financial literacy and financial anxiety. Financial Social Work changes the conversation about money. It provides a different way of thinking about money and it offers a better way of working with clients around the role of money in their lives, problems and issues.

scholarly journals Financially Sustainable Families: Integrated Social Work Praxis

2021 ◽  
pp. 39-49
Author(s):  
B. S. Sachin ◽  
K. Saravana ◽  
C. Rajashekar ◽  
B. Ramesh
Keyword(s):  
Social Work ◽  
Financial Literacy ◽  
Single Subject ◽  
Single Subject Research ◽  
The Family ◽  
Work Intervention ◽  
Poor Families ◽  
Financial Anxiety ◽  
Structural Poor ◽  
Rural Appraisal

Financial life of a family is very crucial. However less importance is given for financial literacy among structural rural poor, hence the interventional study was taken up to address the gap with Social Work Intervention. The researcher proposed In-Basket technique (one of the technique practiced in Participatory Rural Appraisal (PRA)) to spread financial literacy. The Present study was interventional in nature hence, Single Subject Research design (AB Model) was adopted to assess baseline and intervention phases of level of financial anxiety among families. Three structural poor families were chosen for study in Kunte village.Nelamangala block, Bengaluru rural District, Baseline assessment was done by using structured Financial Anxiety Assessment scale, Intervention was done by using In-basket technique. Considerable changes found after intervention in the level of financial anxiety of the family members.

scholarly journals The role of self-esteem, optimism, deliberative thinking and self-control in shaping the financial behavior and financial well-being of young adults

PLoS ONE ◽  
2021 ◽  
Vol 16 (9) ◽  
pp. e0256649
Author(s):  
Fatima Hashmi ◽  
Hira Aftab ◽  
José Moleiro Martins ◽  
Mário Nuno Mata ◽  
Hamza Ahmad Qureshi ◽  
...  
Keyword(s):  
Young Adults ◽  
Financial Literacy ◽  
Sampling Technique ◽  
Well Being ◽  
Self Esteem ◽  
Self Control ◽  
Financial Behavior ◽  
Cognitive Factors ◽  
Financial Security ◽  
Financial Anxiety

The sustainable financial behavior and financial well-being have been a key concern among the developing societies; thereby encompassing the various psychological factors which play a role in influencing individual’s positive financial behavior and financial well-being, this study is conducted. Research focusing on the psychological aspect of human financial behavior and well-being is scarce, focusing more on the cognitive side such as financial literacy and numeracy. The aim of this research study is to find the role played by the non-cognitive factors such as self-esteem, self-control, optimism and deliberative thinking, in forming the financial behavior and financial well-being of the young adults. A sample of 429 university students from public and private sector was collected via an online and field survey using purposive sampling technique. The survey contained measures for demographics, self-esteem, optimism, deliberative thinking, self-control, general financial behavior and financial well-being. SPSS and PLS-SEM tools were used for the exploration of the relationships among dependent and independent variables. The results of PLS path analysis demonstrate that among the non-cognitive factors, self-control and deliberative thinking show a significant association with both financial behavior, and financial security. Self-esteem plays no significant role in forming the financial behavior of the young adults when all the variables are taken together but it exhibits a significant association with financial well-being (financial security and financial anxiety). Optimism on the other hand exhibits no significant association with both financial behavior and financial well-being (financial security and financial anxiety). The results of this study complement the previous studies and also put forth new outcomes. This research is unique as it is the first of its kind conducted in a consumption-oriented economy like Pakistan. In addition to the previous studies which have often established the link of self-esteem with general well-being, this study goes further by analyzing the association between self-esteem and financial well-being and by the identification of the role played by non-cognitive factors like self-esteem, optimism, deliberative thinking and self-control together on the financial behavior and financial well-being of the individuals using PLS-SEM approach.

Financial Social Work

2014 ◽  
Author(s):  
Reeta Wolfsohn ◽  
Dorlee Michaeli
Keyword(s):  
Social Work ◽  
Social Workers ◽  
Low Income ◽  
Financial Literacy ◽  
Well Being ◽  
Literacy Skills ◽  
Individual Responsibility ◽  
The Social ◽  
Work Model ◽  
Financial Social Work

Financial well-being is an individual responsibility in twenty-first century America, even though research reveals a serious inability for many Americans to attain it. Social workers have the education and training to help people modify behavior and a history of working with low-income and minority families, as well as the skills to engage and empower clients, making them the best professionals to help Americans take control of their money and their lives. This article explains how incorporating financial-literacy skills and models of financial behavioral change into the social work curriculum would benefit both social workers and their clients. It describes the financial social work model and an understanding of its relevance to the social work profession.

scholarly journals Financial Challenges and Capacity among African Refugees in the Southern USA: A Study of Socio-demographic Differences

2021 ◽  
Author(s):  
Youn Kyoung Kim ◽  
Arati Maleku ◽  
Younghee Lim ◽  
Njeri Kagotho ◽  
Jennifer Scott ◽  
...  
Keyword(s):  
Social Work ◽  
Financial Literacy ◽  
Self Efficacy ◽  
Financial Stress ◽  
Vulnerable Groups ◽  
Demographic Differences ◽  
African Refugees ◽  
Data Disaggregation ◽  
Financial Anxiety ◽  
Financial Challenges

Abstract Refugees’ successful integration into US society requires adaptation to economic, financial and social norms. Despite the importance of considering financial challenges (financial stress and financial anxiety) and financial capacity (financial literacy and financial self-efficacy) in reaching personal financial goals, literature examining the relationship between financial challenges and capacity—critical in refugee resettlement and integration—is sparse and fragmented. This study explored financial challenges and capacity amongst resettled African refugees (N = 130) in the southern USA using data from a larger community-based participatory research study that used a mixed-methods approach. We explored socio-demographic differences in financial stress, financial anxiety, financial literacy and financial self-efficacy across African refugee subpopulation groups. Our study highlights the importance of social work advocacy for data disaggregation, which helps establish the scope of the problem, unmask subpopulation differences and make vulnerable groups more visible to facilitate the development of tailored programmes and services to reach economic integration goals. We provide social work implications for data disaggregation in the current corona virus context, which will leave long-term financial scars on refugee subpopulations.

Service Quality Perception towards E-CRM Practices among Customers of Private and Public Sector Banks of Rajasthan Using SERVQUAL Method

2018 ◽  
Vol 7 (3) ◽  
pp. 22
Author(s):  
Neeti Kasliwal ◽  
Jagriti Singh
Keyword(s):  
Public Sector ◽  
Service Quality ◽  
Banking Sector ◽  
Sampling Technique ◽  
Vital Role ◽  
Public Sector Banks ◽  
Significant Difference ◽  
Private And Public ◽  
Score Method ◽  
Public Banks

Banking sector is growing rapidly and playing a vital role in the economic development of the nation. Both private and public sector banks are giving more priority to service quality to satisfy their customers. For this, banks are now emphasizing on E-CRM practices to carry out transactions and communicate with their customers. The purpose of this research is to assess the service quality among private and public banks in Rajasthan. Purposive sampling technique has been employed to collect the data from three private banks and three banks from public. To analyze the data, descriptive statistics, Mean score method and t test have been used. Results indicates that there is a significant difference in consumer’s perception of service quality dimensions related to E-CRM practices provided by selected private and public sector banks of Rajasthan..The findings of this research will help policy makers of banking sector to set customer oriented policies.

Financial capabilities development: essential discourse in social work

2019 ◽  
Vol 46 (10) ◽  
pp. 1234-1246
Author(s):  
Lambert K. Engelbrecht ◽  
Abigail Ornellas
Keyword(s):  
Sustainable Development ◽  
Social Work ◽  
Financial Literacy ◽  
Community Education ◽  
Work Practice ◽  
Well Being ◽  
Social Work Practice ◽  
Content Type ◽  
Vulnerable Households ◽  
Definition Of

Purpose Within a neoliberal environment, financial vulnerability of households has become an increasing challenge and there is a requirement of financial literacy education, a necessary activity to facilitate sustainable development and well-being. However, this is seldom a mainstream discourse in social work deliberations. The paper aims to discuss these issues. Design/methodology/approach First, introducing the neoliberal impact on financial well-being and capability for vulnerable households, the authors’ postulation is substantiated on a seven-point argument. The contexts of financially vulnerable households are sketched. Second, a conceptualisation of financial literacy is offered, and third, perspectives on and approaches to financial literacy as a fundamental capability are presented. This is followed by a theoretical foundation of community education as a practice model in social work to develop financial capabilities. In the fifth place, prevailing practices of Financial Capabilities Development (FCD) programmes are offered. Subsequently, the implications of a neoliberal environment for social work practice are examined. Findings The revised global definition of social work encourages the profession to understand and address the structural causes of social problems through collective interventions. As a response, it is argued that community education towards FCD of vulnerable households within a neoliberal environment should be an essential discourse in social development. Originality/value The authors reflect on the significance of FCD, highlighting its contribution towards human security and sustainable development. Although this paper draws on Southern African contexts, the discourse finds resonance in other contexts across the world.

Polyvinyl fibers as outperform candidature in the solid polymer electrolytes

2020 ◽  
pp. 152808372097062
Author(s):  
Muhammad Yameen Solangi ◽  
Umair Aftab ◽  
Muhammad Ishaque ◽  
Aqeel Bhutto ◽  
Ayman Nafady ◽  
...  
Keyword(s):  
Thermal Stability ◽  
Weight Loss ◽  
Ionic Conductivity ◽  
Polymer Electrolytes ◽  
Vital Role ◽  
Solid Polymer Electrolytes ◽  
Solid Polymer ◽  
Main Challenge ◽  
Different Temperatures ◽  
Solution Cast

Solid polymer electrolytes (SPEs) are the best choice to replace liquid electrolytes in supercapacitors, fuel cells, solar cells and batteries. The main challenge in this filed is the ionic conductivity and thermal stability of SPEs which is still not up to mark, therefore more investigations are needed to address these issues. In this study, PVA/salt based SPEs was fabricated using both solution cast and electro-spinning methods to probe the effect of different salts such as (NaCl, KCl and KI) and their concentrations on the ionic conductivity. Scanning electron microscopy (SEM) x and Fourier Transform Infra-Red (FTIR) have been employed to study the morphology as well as the different functional groups of SPEs, respectively. It was noted that small addition of NaCl, KCl and KI salts in SPEs dramatically increased the ionic conductivity to 5.95×10−6, 5.31×10−6 and 4.83×10−6 S/cm, respectively. Importantly, the SPEs obtained with NaCl via electro-spinning have higher ionic conductivity (5.95×10−6 S/cm) than their casted SPEs (1.87×10−6 S/cm). Thermal stability was also studied at two different temperatures i.e. 80 °C and 100 °C. The weight loss percentage of electrospun SPEs have zero percent weight loss than the solution based SPEs. The combined results clearly indicated that the nature of salt, concentration and fabrication process play a vital role in the ionic conductivity. Also, the NaCl salt with low molecular weight at low concentrations shows an enhanced ionic conductivity.

ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI KESEJAHTERAAN MASYARAKAT KOTA PADANG

2020 ◽  
Vol 11 (1) ◽  
pp. 67
Author(s):  
Rizki Afri Mulia ◽  
Nika Saputra
Keyword(s):  
Unemployment Rate ◽  
Research Method ◽  
Quantitative Research ◽  
Regression Coefficient ◽  
Sampling Technique ◽  
Domestic Product ◽  
Poor People ◽  
The People ◽  
Per Capita ◽  
The City

This study aims to analyze the factors that affect the welfare of the people of the City of Padang measured using the Human Development Index consisting of: 1) To determine the effect of the Per Capita Gross Regional Domestic Product on the welfare of the people in the City of Padang. 2) To determine the effect of number of Poor in community welfare in Padang. 3) To determine the effect of Unemployment Rate on the welfare of people in the city of Padang. The research method used in this research is descriptive quantitative research method. The sampling technique in this study is total sampling. Data collection was performed using documentation and hypothesis testing techniques in this study using multiple linear regression test. Based on the results of the study note that: 1) The regression coefficient value of GDP per capita is equal to 0.0000002 with a probability of 0.001 which is smaller than 0.05. 2) The regression coefficient value of the number of poor population is 0.156 with a probability of 0.526 which is smaller than 0.05. 3) The regression coefficient value of the Open Unemployment Rate is -0,00014 with a probability of 0.117 less than 0.05. The conclusions that can be drawn are as follows: 1) Gross Regional Domestic Product (GRDP) has a positive and significant effect on the welfare of the people in Padang City. 2) The number of poor people has no significant effect on the welfare of the people in the city of Padang. 3) Open Unemployment Rate has no negative and significant effect on the welfare of the people in Padang City.

Determinants of Financial Inclusion in Namobuddha Municipality, Nepal

2021 ◽  
Vol 5 (1) ◽  
pp. 60-74
Author(s):  
Jeetendra Dangol ◽  
Anil Humagain
Keyword(s):  
Financial Literacy ◽  
Financial Services ◽  
Control Variable ◽  
Financial Innovation ◽  
Sampling Technique ◽  
Financial Inclusion ◽  
Gender Education ◽  
And Control ◽  
Moderating Role

Financial inclusion is a priority agenda in countries like Nepal. The study seeks to determine the access to financial services, financial innovation and quality of financial services to the financial inclusion.The study is based on questionnaire surveydata with363 household respondents using a convenient sampling technique, and carried out in Namobuddha Municipality of Nepal. The moderating effect of financial literacy and control variable of demographic items have been analysed using generalised regression model. The results show that financial innovation and quality of financial services are the significant determinants of financial inclusion; financial literacy is found significant and it plays a moderating role between the variables under study. The findings revealed that the tendency of higher level of financial inclusion was influenced by gender, education level and monthly income.

scholarly journals PENGARUH LITERASI KEUANGAN, PENDAPATAN SERTA MASA BEKERJA TERHADAP PERILAKU KEPUTUSAN INVESTASI

2018 ◽  
pp. 1867 ◽  
Author(s):  
IGA MERTHA DEWI ◽  
Ida Bagus Anom Purbawangsa
Keyword(s):  
Financial Literacy ◽  
Investment Decision ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Decision Behavior ◽  
Financial Conditions ◽  
New Employee ◽  
Long Time ◽  
Positive Effect

Research respondents are employees of PT Bank Pembangunan Daerah Bali Branch Renon with a sample of 76 people. Sampling technique in this research use random sampling. Data were analyzed by using Multiple Linear Regression Analysis. The result of this indicate that financial literacy, income has a positive effect on investment decision behavior, but the work period positively has no effect on investment decision behavior. This is because in the banking industry, the entire new employee and who have been working long time get the training and obtain informations about financial developments and financial conditions that occur at this time. In the other words the undertanding of financial literacy and employee behavior is almost the same. Based on the results of statistical data, financial literacy variables have the most influence in determining the behavior of investment decisions compared to income. This explains that a good understanding of finance is a major factor in determining an invesment decisions.

Sign in / Sign up

Export Citation Format

Share Document