Join our mailing list!

Official PayPal Seal

(Your shopping cart is empty)

  Home > Diane Publishing Books >

Household Debt and Saving During the 2007 Recession
Household Debt and Saving During the 2007 Recession
Our Price: $25.00
By Rajashri Chakrabarti (au)
Year: 2011
Pages: 67
Binding Paperback
ISBN 978-1-4578-3637-4

Product Code: 1457836378

Using credit report records and data collected from several household surveys, the authors analyze changes in household debt and saving during the 2007 recession. They find that, while different segments of the population were affected in distinct ways, depending on whether they owned a home, whether they owned stocks, and whether they had secure jobs, the crisis impact appears to have been widespread, affecting large shares of households across all age, income, and education groups. In response to their deteriorated financial situations, households reduced their average spending and increased their saving. This increase in saving at least in 2009 did not materialize through an increase in contributions to retirement and savings accounts. Such contributions actually declined on average during that year. Instead, the higher saving rate 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 the authors observed in 2010. In contrast, consumers were pessimistic about the availability of credit, expecting it to become harder to obtain during 2010. Tables and figures. This is a print on demand report.

Share your knowledge of this product with other customers... Be the first to write a review
Diane Publishing Co
PO Box 617
Darby, PA 19023-0617
 About Us
 Become an Affiliate
 Privacy Policy
 Send Us Feedback
Company Info | Advertising | Product Index | Category Index | Help | Terms of Use
Copyright � 2004 Diane Publishing Company. All Rights Reserved.
Built with Volusion