The Impact Of Public Resilience During COVID-19 On Financial Well-being

The spread of COVID-19 has profoundly and comprehensively changed individual lives,testing people’s ability to respond to calamity.For individuals,calamity response can be divided into psychological and economic levels.In the face of calamity,the psychological level of defense is vital.Resilience,reflecting their ability to withstand a calamity,is absolutely regarded as a measure which can show people’s hardiness.The Hardiness Scale for Chinese Adults was used to measure the character.Expectations at the economic level will affect people’s consumption behavior.This paper measures financial well-being(FWB)through the CFPB Financial Well-Being Scale.Based on the survey data during the period of COVID-19,this paper conducted a study on resilience and financial well-being.This article conducted research on resilience and financial well-being based on survey data during the anti-epidemic period of the new crown.At the same time,it further exploring the moderating effects of gender,rural-urban,as well as education level.This paper conducted the data and hypothesis testing by using the method of the question their survey as well as SPSS 25.0 data analysis software.The research found: 1.On the basis of variance analysis it is obvious that there were differences in the levels of resilience and financial well-being among different genders,rural-urban residents,as well as education levels.Groups such as urban residents with high education with resilience and financial well-being than those such as women and rural residents with low education.2.According to the regression analysis it is easy to know that the level of resilience during the COVID-19 plays a positive and crucial role in financial well-being.In all the words the level of resilience is much higher the level of financial well-being is also much higher 。 3.According to analyze is about the moderate effect of gender,rural-urban residents,and education level.The level of resilience of male as well as a rural resident groups during the COVID-19 has a higher impact on financial well-being than women.The urban residents are larger.Data were randomly collected through questionnaire survey,statistical data were analyzed with the help of SPSS 25.0 and hypotheses of this paper were tested.The research results were as follows: 1.Public individuals with different genders,urban and rural sources and education levels have significant differences in resilience and financial well-being.The resilience and wealth well-being of male,rural and bachelor degree or above public individuals are higher than that of female,rural and below bachelor degree public individuals respectively.2.The level of public resilience has a positive impact on financial well-being,and the higher the level of resilience,the higher the level of financial well-being;3.The relationship between resilience and wealth happiness is moderated by gender,urban and rural areas,and education level.The resilience level of male,rural and public individuals with bachelor’s degree or below during the epidemic resistance period has a greater impact on financial happiness than that of female,urban and public individuals with bachelor’s degree or above.This article clarifies the relationship between resilience and financial wellbeing through data analysis,and analyze is about the moderate effect of gender,rural-urban residents,as well as education level on the resilience and financial well-being,and give some suggestions.According to the results of empirical research,it is suggested to strengthen resilience interference for women,rural individuals and public individuals below the undergraduate level,so as to improve their resilience level,so as to improve their ability to cope with the epidemic.At the same time,adjusting the level of resilience of male,rural and less-educated public individuals can effectively improve their financial well-being.This article also has some shortcomings.Since the research data in this paper are limited to domestic data,the research method in this paper has strong adaptability.Financial well-being of domestic and foreign public during the study of COVID-19 were not compared.In the future,resilience and financial well-being can further analyze the research of COVID-19 at home and abroad through further research.