Determinants of the perceived financial threat of COVID-19 and implications for household economic stability: an application of the partial proportional odds model

The findings revealed that a significant proportion of respondents perceived COVID-19 as a financial threat, which adversely affected their economic stability. Vulnerability to financial threat was notably higher among older individuals, the unemployed, those unable to afford essential medicine, and respondents who expressed heightened concern about illness. In contrast, engagement in additional income-generating activities served as a protective factor. These results underscore the need for policymakers to prioritize inclusive social protection systems, expand access to affordable healthcare, promote employment opportunities, and facilitate income diversification. Such interventions are critical to enhancing household economic resilience and enabling a rapid response to future public health and economic crises. Additionally, future research should consider longitudinal designs to track changes in perceptions over time and incorporate broader economic indicators.