RT Journal Article
T1 Consumer financial vulnerability: review, synthesis, and future research agenda
A1 Fernández López, Sara
A1 Álvarez Espiño, Marcos
A1 Rey-Ares, Lucía
A1 Castro-González, Sandra
K1 Financial distress
K1 Financial fragility
K1 Household financial vulnerability
K1 Over-indebtedness
K1 Systematic review
AB Research on consumer financial vulnerability (CFV) was especially encouraged in the aftermath of the 2007–2008 financial crisis, becoming a phenomenon of global interest to academics and policy makers. This paper reviews the existing academic literature on CFV with the aim of mapping out four research fields (i.e., the concept, the measures, the methods, and the drivers of this phenomenon) and providing a roadmap for a future research agenda for this field. To this end, we review the last two decades of academic research on households’ financial vulnerability, thereby presenting a hybrid literature review. Evidence from a comprehensive analysis of 98 academic papers suggests that this is still an emerging and highly fragmented field and, therefore, a comprehensive future research agenda is offered, including concrete suggestions for research designs and measurements. The proposal of a homogeneous definition of financial vulnerability, the consideration of measures that include subjective aspects of the phenomenon, the use of qualitative methods, and the development of more detailed theoretical and empirical research on the drivers of CFV, are among the authors’ recommendations for future research.
PB Wiley
SN 0950-0804
YR 2023
FD 2023
LK http://hdl.handle.net/10347/30802
UL http://hdl.handle.net/10347/30802
LA eng
NO Sara, F.-L., Marcos, Á.-E., Lucía, R.-A., & Sandra, C.-G. (2023). Consumer Financial Vulnerability: Review, Synthesis, and Future Research Agenda. Journal of Economic Surveys, 1–40. https://doi.org/10.1111/joes.12573
NO Ministerio de Universidades, Grant/Award Number: FPU21/03287
DS Minerva
RD 28 abr 2026