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Credit counseling : a substitute for consumer financial literacy?
Disney, Richard; Gathergood, John; Weber, Jörg - In: Journal of pension economics and finance 14 (2015) 4, pp. 466-491
Persistent link: https://www.econbiz.de/10011419707
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Credit counseling : a substitute for consumer financial literacy?
Disney, Richard; Gathergood, John; Weber, Jörg - 2014
Is financial literacy a substitute or complement for financial advice? In this paper we analyze the decision by consumers to seek financial advice in the form of credit counseling concerning their credit and debt. Credit counseling is an important component of the consumer credit sector for...
Persistent link: https://www.econbiz.de/10010429152
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Chapter 21. Household Finance: An Emerging Field
Guiso, Luigi; Sodini, Paolo - 2013
Household finance—the normative and positive study of how households use financial markets to achieve their objectives—has gained a lot of attention over the past decade and has become a field with its own identity, style, and agenda. In this chapter we review its evolution and most recent...
Persistent link: https://www.econbiz.de/10014025357
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Sustainable wealth : achieve financial security in a volatile world of debt and consumption
Merk, Axel - 2010
Persistent link: https://www.econbiz.de/10003851384
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Dissecting saving dynamics : measuring wealth, precautionary, and credit effects
Carroll, Chris; Slacalek, Jirka; Sommer, Martin - 2019
Persistent link: https://www.econbiz.de/10012107848
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Financial Literacy of U.S. Households : Knowledge vs. Long-Term Financial Planning
Alhenawi, Yasser; Elkhal, khaled - 2014
We examine the relationship between financial knowledge and long-term financial planning behavior. This analysis is important in light of the recent financial crisis and the current level of economic uncertainty. Survey responses from U.S. households are analyzed using analysis of variance,...
Persistent link: https://www.econbiz.de/10014140194
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Household Investment in 529 College Savings Plans and Information Processing Frictions
Li, James J.; Mitchell, Olivia S.; Zhu, Christina - National Bureau of Economic Research - 2023
. We find that 60% of open accounts in college 529 savings plans are invested suboptimally due to high expenses and tax … information processing frictions shape households' suboptimal investment in college savings plans and reduce their financial well-being …
Persistent link: https://www.econbiz.de/10013537742
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Handbook of US consumer economics
Haughwout, Andrew (ed.); Mandel, Benjamin (ed.) - 2019
Persistent link: https://www.econbiz.de/10012384178
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Perceived precautionary savings motives : evidence from FinTech
D'Acunto, Francesco; Rauter, Thomas; Scheuch, Christoph; … - 2020
Persistent link: https://www.econbiz.de/10012220035
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The Semblance of Success in Nudging Consumers to Pay Down Credit Card Debt
Guttman-Kenney, Benedict; Adams, Paul; Hunt, Stefan; … - National Bureau of Economic Research - 2023
We run a field experiment and a survey experiment to study an active choice nudge. Our nudge is designed to reduce the … anchoring of credit card payments to the minimum payment. In our field experiment, the nudge reduces enrollment in Autopaying … the minimum from 36.9% to 9.6%. However, the nudge does not reduce credit card debt after seven payment cycles. Nudged …
Persistent link: https://www.econbiz.de/10014447247