The European Journal of Social & Behavioural Sciences
Online ISSN: 2301-2218
European Publisher
Effects of Economic Recession on the Lifestyle of Undergraduates in Nigeria
Table 4: Respondents’ perceived indicators of economic recession (n=239).
| S/N | Statements | SA F(%) | AF(%) | UF(%) | SDF(%) | DF(%) | Rank | |
| 1 | High inflation (general rise in price) rate indicates economic recession. | 119 (49.8) | 94 (39.3) | 8 (3.3) | 15 (6.3) | 3 (1.3) | 4.34 | 1st |
| 2 | Inadequate regulating frame work for financial institutions could indicate economic recession. | 99 (41.4) | 88 (36.8) | 23 (9.6) | 23 (9.6) | 6 (2.5) | 4.05 | 2nd |
| 3 | Poor savings and high credit culture of nations are indications of economic recession. | 96 (40.2) | 93 (38.9) | 19 (7.9) | 19 (7.9) | 12 (5.0) | 4.02 | 3rd |
| 4 | Reduction in workers’ wages indicates recession. | 80 (33.5) | 85 (35.6) | 25 (10.4) | 38 (15.9) | 11 (4.6) | 3.77 | 4th |
| 5 | General rise in terrorism, armed robbery, and kidnapping are indicators of economic recession. | 59 (24.7) | 100 (41.8) | 36 (15.1) | 34 (14.2) | 10 (4.2) | 3.69 | 5th |