This paper explores the influences of the approved results of loans cases, the loan applicants’ socioeconomic attributes in the decision of perusal loan. The results can improve the credit quality and avoid the misjudgment of screening personal loan customers and also establish a better...

This review systematically examines the expenditure patterns of low-income households, focusing on how limited financial resources influence their spending decisions. It reveals that a significant portion of income is devoted to necessities such as food, shelter, and utilities, leaving little...

In the 2001 U.S. Survey of Consumer Finances (SCF), 27% of households report simultaneously revolving significant credit card debt and holding sizeable amounts of liquid assets. These consumers report paying, on average, a 14% interest rate on their debt, while earning only 1 or 2% on their...

The corona virus pandemic has dramatically changed the economic outlook for the United States and many other countries. In June this year, the Federal Reserve published its unemployment predictions. From a July 2020 level of 10.2%, it expects the year-end ratio to drop to 9.3%; by the end of...

This paper examines a model of economic status satisfaction (money satisfaction) that controls attitudes toward money, income level and gender. Money attitudes were measured with SPP scale (Gąsiorowska, 2003), fully developed in Polish environment, and better adjusted to Polish conditions than...

In January 2007, U.K. Government debt to GDP stood at 32.5%. By December 2019 it had grown to 89.5% and the latest data from September 2020 show a government debt level of just over £2 trillion, while its debt to GDP level did increase to 103.5%. The Quantitative Easing program by the Bank of...

In the financial accounts as collected by the U.S. Federal Reserve, one Balance Sheet item stands out: “The Household Balance Sheet over the period 2000-2020”. In Q4 2005, the market value of households’ real estate assets was $14.416 trillion. By Q4 2011 the market value had dropped to...

This article deals with this issue in a relevant emerging market and in a pioneering manner. University students (n = 769), in São Paulo/Brazil, replied to a questionnaire about their credit card use habits. Using Logit models it was seen that there exist associations between personal...

In a recent paper: “U.S. households’ balance sheet and the link to economic policies” (MPRA Paper 104369), it was illustrated that the Great Recession of 2008 and beyond caused a loss in home equity of $6.1 trillion between Q4 2005 and Q4 2011. It took households until Q2 2016 before the...

The Eurozone countries share a common currency: the Euro operated and managed by the European Central Bank (ECB). The implications are that savings and wealth levels are also denominated in the same currency. Does this mean that wealth factors like home equity and pension savings can be...