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the current global pandemic crisis, the future of household finances is uncertain. The change of the macroeconomic and … debt to assets ratio, age, being married, having credit constraints, payday loans or payments more than 60 days past due in … the ratio of credit card debt to overall debt and owning a house decrease the risk of going bankrup. …
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This study investigated the effect of objective and subjective financial literacy on mortgage payment delinquency using the 2015 National Financial Capability Study dataset. A hierarchical model showed a substantial negative effect of objective literacy on delinquency, but subjective literacy...
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