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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...
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Household finance—the normative and positive study of how households use financial markets to achieve their objectives …
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Chinese Household Finance: Research Background and Conceptual Delineation -- Health status, risk attitude and Household … financial investment behavior -- Housing type, financial literacy and household financial investment behavior -- The effect of … mental accounting and housing wealth on household financial asset allocation -- The age-period-cohort effect on household …
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This study aims to determine the factors that affect financial literacy in Japan using data from Osaka University's Preference Parameter Study in Japan. We examined fourteen variables covering respondents' demographic, socio-economic, and psychological backgrounds drawn from social learning,...
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Consumers have substantial debts. Examples concern mortgages but also debts for products such as clothing and books. Facing difficulties when dealing with interest rates and percentages computations is one of the reasons for those debts. Campaigns like “Borrowing money costs money” should...
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