Behavioral Economics and Financial Decision-Making in Low-Income Households

Authors

  • Shalini Singh

Abstract

This research explores how cognitive biases and heuristics influence financial decisions among low-income households. By examining patterns in savings, borrowing, and consumption, the study highlights the role of nudges and financial literacy programs in improving economic outcomes. The findings suggest that behavioral interventions can significantly enhance financial resilience in vulnerable populations

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Published

2007-2024

How to Cite

Shalini Singh. (2025). Behavioral Economics and Financial Decision-Making in Low-Income Households. International Journal of Economic Perspectives, 19(6), 19–33. Retrieved from https://ijeponline.com/index.php/journal/article/view/1028

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Articles