Peru | Financial health shapes consumer welfare

Peru | Financial health shapes consumer welfare


The ability to cope with financial shocks from one's own resources is called financial vulnerability. It is measured as the period of time that individuals can survive by covering their needs if they lose their main source of income and without using credit.

Financial vulnerability shows an inverse relationship with financial health; if financial health is low, the probability of being highly vulnerable increases dramatically. If the level of education and/or financial literacy increases, the financial vulnerability decreases. People living in rural areas are more financially vulnerable than those living in urban areas. Women and younger people are at greater risk of being financially vulnerable.

Full content of the publication


Data Analysis Financial Health Financial Inclusion Financial Vulnerability Inequality


Alfonso Arellano

Senior Economist of the Financial System Unit at BBVA Research

Noelia Cámara

Principal Economist, Financial Systems Unit, BBVA Research

Additional Information

Date published


Document Type









BBVA Research

Related publications

27 May 2021

Financial Anxiety and Stress among U.S. Households: New Evidence from the National Financial Capability Study and Focus Groups

The economic impact of the COVID-19 crisis has brought to light the deeply rooted financial struggles that many American...

27 May 2021

2020 Impact Report Center for Financial Education BBVA USA

BBVA’s Center for Financial Education creates opportunities for individuals and communities to improve their financial...

27 May 2021

TFI Consumer Research On financial health in Europe

The findings in this report show that the majority of Europeans believe their financial health has been unaffected by th...