CHANGE IN FINANCIAL WELFARE PERCEPTION OF RISK AND FINANCIAL ANXIETY IN THE COVID-19 PANDEMIC

Authors

  • David Nogueira Marzzoni UNIVERSIDADE FEDERAL DE SANTA MARIA
  • Kelmara Mendes Vieira Universidade Federal de Santa Maria
  • Leander Luiz Klein Universidade Federal de Santa Maria
  • Fabiene Silva Batista Rosa Guasch

DOI:

https://doi.org/10.20873/uftv9-10263

Abstract

This study reveals changes in the perception of financial well-being, as well as the perception of financial anxiety and financial risk during the Covid-19 pandemic. The sample comprised Brazilians over 18 years old, totaling 1,222 respondents. The analysis was performed using three techniques: Descriptive analysis that characterizes the respondents' profile, Exploratory factor analysis that establishes the correlation of the observable variables and organizes them into factors, and finally the Analysis of variance that checks if there is a significant difference between the means . In general, the results showed for 60.3% of the interviewees that there was no change in their financial situation, while 3.7% indicated that they had lost all income and are living with the help of third parties. For individuals who had their income decreased, the level of financial well-being was on average significantly lower than the group that remained the same. Regarding financial anxiety and financial risk, practically the same comparisons were identified for the two factors, that is, individuals with lower income had a higher perception of anxiety and financial risk. Regarding the perception of the risk of being infected with the coronavirus, 60.7% of the interviewees believe that it is “probable” that the same will happen.

Author Biographies

Kelmara Mendes Vieira, Universidade Federal de Santa Maria

Graduated in Business Administration from Universidade Federal de Viçosa (1995), Master in Business Administration from Universidade Federal do Rio Grande do Sul (1998), PhD in Business Administration from Universidade Federal do Rio Grande do Sul (2006), Graduated in Statistics from Universidade Federal de Santa Maria (2019) and post-doctorate from the Federal University of Minas Gerais (2020) .. Associate Professor at the Federal University of Santa Maria. She was coordinator (2011-2013) of the Graduate Program in Administration, editor of Revista Social e Humanas (2009-2016) and editor of Revista Práticas de Administração Pública (2016-2020). She is currently Coordinator of the Graduate Program in Public Administration, associate editor of Revista Práticas de Administração Pública, associate editor of the Brazilian Administration Review and ad hoc reviewer of several journals. Has experience in Administration, focusing on Finance and Public Administration. Research in behavioral finance has as main topics of interest: financial literacy, attitude to indebtedness, financial well-being, credit card use and debt, financial management and default. In public administration, she has conducted research in the construction and application of instruments for the evaluation of public policies from the point of view of the user / final beneficiary.

Leander Luiz Klein, Universidade Federal de Santa Maria

 doctorate in Business Administration from the Federal University of Santa Maria (UFSM), Brazil (2016), a Master of Business Administration from the Federal University of Santa Maria, Brazil (2012) and a Bachelor of Business Administration from the Federal University of Santa Maria (2009). He acted as a Visiting Scholar at the University of Arizona (USA). He is professor of the Master Program (MSc) in Management of the Public Organizations (PPGOP), of the Master Program (MSc) in Public Administration (PPGAP), at the Federal University of Santa Maria (Brazil) and at the Cachoeira do Sul regional campus (UFSM). Dr. Klein has professional experience in production administration and logistics, and with national cargo transportation companies. He has academic and scientific experience in the areas of Lean Thinking in public management, Lean management and Lean in Public funded Higher Education organizations, working on the themes of waste reduction, value, innovation, process management, green management, sustainability and circular economy. He has 39 published articles in Science journals and 02 book chapters.

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Published

2022-04-28

How to Cite

Marzzoni, D. N., Mendes Vieira, K. ., Luiz Klein, L. ., & Silva Batista Rosa Guasch, F. . (2022). CHANGE IN FINANCIAL WELFARE PERCEPTION OF RISK AND FINANCIAL ANXIETY IN THE COVID-19 PANDEMIC. DESAFIOS - Revista Interdisciplinar Da Universidade Federal Do Tocantins, 9(1), 52–65. https://doi.org/10.20873/uftv9-10263

Issue

Vol. 9 No. 1 (2022)

Section

Artigos

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