Indebtedness in Early Adulthood
Causes and Remedies
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Beschreibung
This book reviews problems with credit use and causes of indebtedness among young adults, while uncovering possibilities to encourage a healthier attitude towards loans in this segment of the population. Both consumption loans and mortgages are covered in order to adequately represent real-world credit use by young people about to enter adulthood. It focuses on three distinctive actors: the legislative authorities, the financial institution, most commonly a bank, and finally the individual borrower. More specifically, the book discusses the functioning of these three entities in the context of young adults borrowing behaviour, and would appeal to academics, researchers and students of financial institutions and banking.
Provides an in-depth description of the increasing knowledge regarding negative consequences of young adults’ indebtedness and over-indebtedness, such as health problems
Examines the supply of young adults borrowing in Sweden with special focus on high-interest instant loans and more easily available types of credit
Addresses the impact on individual borrowing decisions of aggressive marketing, the role of consumption desires, and the importance of feelings of lack of financial resources
Discusses the roles of legislation and the various tools available to legislators to dampen young adults’ indebtedness
Provides an in-depth description of the increasing knowledge regarding negative consequences of young adults’ indebtedness and over-indebtedness, such as health problems Examines the supply of young adults borrowing in Sweden with special focus on high-interest instant loans and more easily available types of credit Addresses the impact on individual borrowing decisions of aggressive marketing, the role of consumption desires, and the importance of feelings of lack of financial resources Discusses the roles of legislation and the various tools available to legislators to dampen young adults’ indebtedness
Autor*in
Jeanette Carlsson Hauff
Themen in »Indebtedness in Early Adulthood«
Household indebtedness Debt Loan market Loans financial literacy financial scarcity borrowing financial regulation credit card debt banking household finance