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 …

Using credit report records and data collected from several household surveys, we analyze changes in household debt and … appears to reflect a considerable decline in household debt, as households paid down mortgage debt in particular. At the end … of 2009, individuals expected to continue increasing their saving and paying down of debt, which is consistent with what …

. 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 …

, we find that borrowers respond to greater protection by increasing their unsecured debt. Border county estimates suggest …. Increased protections did not reduce the aggregate level of household debt but affected the composition of borrowing. …

consumer debt and credit. The panel uses a unique sample design and information derived from consumer credit reports to track … statistics and consumer debt estimates derived from our panel with those based on data from the American Community Survey and the … Flow of Funds Accounts of the United States. -- Household credit ; consumer debt ; mortgage liabilities ; panel data …

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. …

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 …