Paper Details

The impact of the COVID-19 pandemic-induced lockdown on household financial resources, survival methods, and planned coping measures is the focus of this paper. It used the survey research approach, with 100 questionnaires distributed online and by hand to respondents in the Thiruvananthapuram District. The study analyzed households' assessments of their survival strategies, government help, and the effectiveness of following government commands using frequency and percentages. The questionnaire was created to gather relevant information on how the district's households dealt with the COVID-19-induced lockdown. The lockdown put a lot of strain on people's personal income and resources because most households didn't have any contingency resources to deal with such catastrophes. Household ratings of government assistance were also found to be quite low, resulting in only half compliance with the stay-at-home directive. Finally, it was discovered that taking a salary advance was the most desired coping technique, followed by returning to work and borrowing. Households should develop a contingency savings habit, and the government should limit inflation rates, according to the report, as crucial steps toward normalcy. For good healthcare delivery, the government must emphasize the health sector in financial allocation. The report also suggests that households develop a contingency savings habit and that the government promotes social inclusion, as well as providing bailouts to individuals, businesses, and industries to help the economy grow.

coping strategies, households, COVID-19, pandemic