This article introduces collective rationality and comparative advantage into understanding household financial decision-making responsibility allocation and its relationship to wealth accumulation. Evidence from the Health and Retirement Study (HRS) shows that conscientiousness, memory, and...

Credit cards have become a common method of payment for college students in China. It is important that they form good credit card usage behaviors and build a good credit history early in their financial life. Using data collected from 10 universities in China, results of this study found that...

•Purpose: The purpose of this study is to examine family structure differences in debt types and burdens of American families.•Design/methodology/approach: Data are obtained from the 2016 Survey of Consumer Finances. Eight types of family structures, five specific debts, and two debt burden...

Consumer debt delinquency, as measured by being 60 or more days late in debt payment, is an indicator of financial ill health. Using six datasets of the 1992-2007 U.S. Surveys of Consumer Finances, this study examines consumer debt delinquency over life cycle stages. Inspired by previous...

Purpose: The purpose of this study is to examine the association between financial capability and informal bankruptcy, especially among families in which the respondent and/or spouse borrowed student loans to fund their own education and families that did not have such...

Financial deregulation starting in the 1980s provided families both economic opportunities and risks. Rapidly increased mortgage, credit card and other debts are out of control among many families, which arguably caused the recent great recession. The purpose of this study is to describe...