Literaturnachweis - Detailanzeige
| Autor/inn/en | Chalise, Lekhnath; Anong, Sophia |
|---|---|
| Titel | Spending Behavior Change and Financial Distress during the Great Recession |
| Quelle | In: Journal of Financial Counseling and Planning, 28 (2017) 1, S.49-61 (13 Seiten)
PDF als Volltext kostenfreie Datei |
| Sprache | englisch |
| Dokumenttyp | gedruckt; online; Zeitschriftenaufsatz |
| ISSN | 1052-3073 |
| Schlagwörter | Behavior Change; Money Management; Financial Problems; Consumer Economics; Anxiety; Loan Default; Debt (Financial); Expenditures; Income; Self Control; Socioeconomic Influences; Social Indicators; Interviews; Community Surveys; Family (Sociological Unit); Consumer Education; Predictor Variables; Economic Impact; Regression (Statistics); Statistical Analysis |
| Abstract | This study investigated whether spending habits before and during the Great Recession predicted financial distress. Financial distress was defined as failing to make mortgage and non-mortgage loan payments on time. Data from the 2007-2009 panel of the Survey of Consumer Finances revealed that one's prerecession spending habit did not seem to matter. Respondents who reported in the earlier wave that they spent more than income but had begun to spend less than income during the recession were twice as likely to become financially distressed. However, those who were spending more than their income during the recession were three times as likely to be financially distressed. Being in good health, having income certainty, and above average risk tolerance lowered the odds of financial distress. (As Provided). |
| Anmerkungen | Association for Financial Counseling and Planning Education. 1500 West Third Avenue Suite 223, Columbus, OH 43212. Tel: 614-485-9650; Fax: 614-485-9621; Web site: http://afcpe.org |
| Erfasst von | ERIC (Education Resources Information Center), Washington, DC |
| Update | 2020/1/01 |
Literaturbeschaffung und Bestandsnachweise in Bibliotheken prüfen
Permalink als QR-Code
Inhalt auf sozialen Plattformen teilen (nur vorhanden, wenn Javascript eingeschaltet ist)
Teile diese Seite:
