Title: Household economy challenges in fulfilling life needs during the Covid-19 pandemic

Authors: Hasan Ashari; Trinandari Prasetyo Nugrahanti

Addresses: Department of Accounting and Finance, ABFI Perbanas Institute of Jakarta, Perbanas Str., Kuningan, Karet Kuningan, Setiabudi, 12940, Jakarta, Indonesia ' Department of Accounting and Finance, ABFI Perbanas Institute of Jakarta, Perbanas Str., Kuningan, Karet Kuningan, Setiabudi, 12940, Jakarta, Indonesia

Abstract: This study aims to determine the challenges of changing household socio-economic and psychological behaviour to fulfil daily needs during the Covid-19 lockdown in the DKI Jakarta and its surrounding cities/regencies. A descriptive quantitative approach was used to explain socio-economic and psychological behaviour changes. Data was collected through Google questionnaires in 440 households. The results indicate that the desire to meet the needs of life and existence decreased during the Covid-19 pandemic. There was a decline in mobility, which has significantly affected many breadwinners' incomes. An increase in expenditure for household needs led to the inability to save. This study provides alternative government policies that can be implemented to meet community needs. It discusses the needs that should be considered in an economic crisis, including food aid, cash assistance, or entrepreneurial working capital.

Keywords: household; economy; large-scale social restrictions; lockdown; Covid-19 pandemic.

DOI: 10.1504/GBER.2021.116616

Global Business and Economics Review, 2021 Vol.25 No.1, pp.21 - 39

Received: 05 Oct 2020
Accepted: 24 Jan 2021
Published online: 28 Jul 2021 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article