RT Journal Article
T1 Mindfully Aware and Open: Mitigating Subjective and Objective Financial Vulnerability via Mindfulness Practices
A1 Bayuk, Julia
A1 Lee, Hyun Jung
A1 Park, Jooyoung
A1 Saka, Serkan
A1 Talukdar, Debabrata
A1 Sinha, Jayati
AB Our research presents mindfulness as a potential intervention to mitigate financial vulnerability, defined as the ability to handle unexpected future financial setbacks. As potential interventions to mitigate consumer financial vulnerability, we provide a conceptual framework on how two types of mindfulness practices (i.e., non-judgmental awareness and openness to experience) can mitigate the subjective and objective financial vulnerability differently. We suggest ways to manipulate the two types of mindfulness and discuss the results of our initial pilot study, focusing on lower-income consumers. In addition, we propose fruitful avenues for future research and provide recommendations for managers and policymakers to better address consumer financial vulnerability and enhance consumer welfare via mindfulness practice
PB Wiley
SN 0022-0078
YR 2022
FD 2022-09-16
LK https://hdl.handle.net/10016/38440
UL https://hdl.handle.net/10016/38440
LA eng
NO This research has been supported by Madrid Government (Comunidad de Madrid) under the Multiannual Agreement with UC3M in the line of "Fostering Young Doctors Research" (SOCANET-CM-UC3M) and in the context of the V PRICIT Regional Programme of Research and Technological Innovation. Proyectos Interdisciplinares Jóvenes Doctores (2020/00031/002), and Ministerio de Ciencia, Innovación y Universidades, España (2019/00405/001).
DS e-Archivo
RD 17 jul. 2024