data. We jointly model the incidence and extent of financial problems, as well as the likelihood of having secured debt and … the amount of monthly secured debt repayments, allowing for dynamics and interdependence in both of the two-part outcomes … dependence in financial problems exists; (iii) interdependence exists between financial problems and secured debt, specifically …

data. We jointly model the incidence and extent of financial problems, as well as the likelihood of having secured debt and … the amount of monthly secured debt repayments, allowing for dynamics and interdependence in both of the two-part outcomes … dependence in financial problems exists; (iii) interdependence exists between financial problems and secured debt, specifically …

unsustainable levels of debt. Using survey data from South Africa, we confirm that poor people are indeed overly optimistic, and … also that optimism is positively and significantly related to debt accumulation. …

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 …