Assessing the Psychological Impact of Stock Market Volatility on Individual Well-being in Ch. Sambhaji Nagar City (original) (raw)
A study was carried out in Maharashtra's Chhatrapati Sambhaji Nagar City to examine the impact of stock market volatility on individual well-being. The region is experiencing economic growth, and more people are participating in the stock market, making it essential to understand the psychological consequences of market fluctuations. The research employed a mixed-method approach, using quantitative and qualitative analyses, with a sample size of 300 individuals to ensure a diverse demographic representation. The study's main findings show that a significant proportion of the population closely follows the stock market, with 60% having experienced market volatility. This exposure has led to various psychological impacts, including financial stress, anxiety, and changes in mental health, such as depression. The study also observed differences in life satisfaction and a divided sense of financial control among participants. Varying levels of risk tolerance influence individual responses to market fluctuations. The research highlights the need for improved financial literacy programs to comprehend market dynamics. It also advocates for counselling and psychological support systems for individuals affected by market-induced stress. The study recommends that robust risk assessment tools and community support initiatives could be critical in mitigating the psychological impact of market volatility. Policy interventions for market stabilisation and personalised financial advisory services are also recommended. By providing focused insights into the psychological effects of stock market volatility in Chhatrapati Sambhaji Nagar, the study fills a critical research gap, contributing to global and local understanding of financial stress and mental health issues. The conclusion emphasises the significant impact of stock market volatility on the psychological well-being of individuals, influenced by various factors such as financial literacy and socioeconomic status. Future research avenues include longitudinal studies to determine the lasting effects of market volatility, cross-cultural comparisons, and exploring the impact of digital media on investor behaviour.
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