More than three-quarters of U.S. households bear consumer debt, yet we have little understanding of the relationship … between financial education and the debt behavior of U.S. consumers. In this paper, we study the effects of exposure to … financial training on debt outcomes in early adulthood. Identification comes from variation in financial literacy, economics …

of individuals who are current on their debt. We document that these effects are concentrated at the bottom of the income …

. Yet, despite its importance, educational debt is not well understood. Among the reasons is that there exist few central … analysis of the historical and current levels of student debt and how those loans are performing. We also briefly discuss the …

intensify the preservation of credit cards over housing debt. Although mortgage non-recourse statutes increase default on all … types of housing debt, they reduce credit card defaults. Foreclosure delays increase default rates for both housing and non …-housing debts. Our analysis highlights the interconnectedness of debt repayment decisions. …

student debt changes to the observed changes in young Americans' living arrangements, we model flows into and out of co …, we find that student loans deter independence: state-cohort groups who were more heavily reliant on student debt while in …

us to study the consumer debt portfolio response to house price changes during a boom-and-bust cycle of historic … 1999-2001, homeowners substituted out of nonhousing (largely credit card) debt and into home equity-based debt at a nearly … abandoned the practice of substituting into less costly debt as equity grew, and instead increased obligations across the board …

post-schooling consumption? Our analysis of tuition, educational attainment, and debt patterns for nine youth cohorts … student debt per capita among 24-year-olds between 2003 and 2011. However, estimates indicate no meaningful response to … consistent with American youth having accommodated tuition shocks not by forgoing schooling, but instead by amassing more debt …

differences in regions' industry specialization. We show that household debt increased significantly in regions where …