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Psycho-social and Economic Well-Being of Street Vendors: A Study of Mental Health, Social Networks, and Financial Resilience

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This study explores the psycho-social and economic well-being of street vendors, focusing on mental health, social networks, and financial resilience. Street vendors play a vital role in urban economies but face numerous challenges that impact their overall well-being. A mixed-methods approach was employed, combining quantitative and qualitative data for a comprehensive analysis. Data were collected from December 2023 to April 2024, with 300 questionnaires distributed, yielding 275 responses, of which 260 were valid for analysis. In addition, structured interviews with a subset of street vendors were conducted to provide deeper insights into their challenges. Secondary data sources were also reviewed to supplement the findings. The study utilized a descriptive research design and purposive sampling, applying exploratory factor analysis (EFA) to identify key factors influencing vendors' well-being and multiple regression analysis to assess their impact. The results reveal that financial instability and limited social support are significant stressors for street vendors, adversely affecting their mental health and resilience. Additionally, the study highlights that strong social networks play a crucial role in enhancing economic resilience by offering coping mechanisms and stability. These findings are valuable for policymakers and organizations aiming to develop targeted interventions to improve the well-being and resilience of street vendors.
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