Date Added to Library:
Thursday, June 16, 2016 - 20:37
ISBN/ISSN:
978-3-319-28885-7
Digital Object Identifier (DOI):
10.1007/978-3-319-28887-1
Priority:
high
Reference Type:
Research Methodology:
Publisher:
Published Date:
05/31/2016
Published Date (Date):
Tuesday, May 31, 2016
Publication:
Handbook of Consumer Science Research
Page Range:
167-178
Year:
2016
Language(s):
Public URL:
http://link.springer.com/chapter/10.1007/978-3-319-28887-1_14
Abstract:
The Great Recession and the slow recovery afterward affected families from all socioeconomic strata. However, by many measures low-income families were hardest hit. To highlight the consumer finance challenges currently faced by low-income families we combine data from the Survey of Income and Program Participation with a review of several relevant research areas. These include real income declines before and after the recession; trends in being unbanked/underbanked; the use of credit and alternative financial services; savings and asset accumulation, including homes and vehicles; and health insurance. A brief discussion of future directions for research completes the chapter. (Author abstract)
Geographic Focus:
Page Count:
11
Copyright:
Yes
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Keyword:
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