Resumen de Financial and Consumption Habits and Behaviors during the COVID-19 Pandemic: A Short-Term Study of Argentina, Chile and Colombia

Marianela Denegri Coria, José Sepúlveda Maldonado, Mariela Demaría, Maritza Sandoval Escobar, Francisca Silva Layera, David Van Der Woude, Felipe Quintano Méndez, Leonor Riquelme Segura

• This study aimed at describing the impact that the COVID 19 pandemic had on the financial and consumption habits of Chilean, Argentinean and Colombian families. This was a cross-sectional on-line study. The final sample consisted of 1,184 adults who managed independent financial resources and from urban areas of Argentina, Chile, and Colombia. Results show an increased use of credit to pay for basic services and on the late payments of expenses. The current main fears are linked to contracting the disease, losing employment and not being able to pay basic expenses. Finally, groups of participants emerge based on based on ways of dealing with the crisis and differentiated by sociodemographic variables.