Financial Literacy as a Protective Factor Against Household Over-Indebtedness: Evidence from Vietnam's Low-Income Communities

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Financial literacy significantly reduces over-indebtedness risk in low-income households, according to study findings.
The analysis identified that financial literacy explains 34.7% of the variance in preventing over-indebtedness.
This research used a mixed-methods approach combining structural equation modelling and fuzzy-set qualitative comparative analysis.
Implications for policy interventions suggest that enhancing financial literacy can decrease financial distress in vulnerable populations.

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Mixed-methods analysis reveals financial literacy mitigates over-indebtedness in low-income households, highlighting essential pathways.

Chia‐Liang Hung (2025) studied this question.

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