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Marcos Álvarez-Espiño
Universidade de Santiago de Compostela – Facultade de Administración e Dirección de Empresas
Sara Fernández-López
ECOBAS-Universidade de Santiago de Compostela – Facultade de Ciencias Económicas e Empresariais
Lucía Rey-Ares
Universidade da Coruña – Facultade de Humanidades e Documentación
Vol 32 No 1 (2023), Articles, pages 1-36
Submitted: 27-04-2022 Accepted: 05-09-2022 Published: 23-01-2023
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The objective of this research is to determine the level of financial fragility experienced by Galician households, as well as to analyze whether the sociodemographic, economic and behavioural characteristics that they posess have any relation to this issue from a comparative perspective with respect to the other Autonomous Communities in Spain. Using the data from the first wave of the Survey of Financial Competences (abbreviated as ECF in Spanish), it has been observed that the percentage of those who are faced with medium or high financial fragility in Galicia is lower than in the rest of Spain. In addition, household income and one’s financial capability are buffering factors of financial fragility (FF), both in Galicia and in the rest of Spain. The higher the level of education received, the lower the probability of suffering from a high level of individual self-perceived FF, while the opposite relationship seems to be true for those living with dependent children. These results, which are similar in both subsamples, do not hide notable differences; in comparison with Spain, the impact of financial capability is less relevant in Galicia, while financial inclusion is positively related to FF.