The purpose of this study was to analyze how objective and subjective financial literacy affected the likelihood of U.S. renter and homeowner households having a heavy financial obligation after the Great Recession. In 1992, only 15% of homeowners had financial obligation payments over 40% of...

The purpose of this research was to investigate the effects of racial/ethnic status on the ratio of financial obligations payments to income among U.S. renter households. The proportion of homeowner households with a ratio over 40% has decreased since 2007, but the proportion of renter...