This study examines the factors affecting household saving, extending previous research by adding measures of consumer optimism to the variables previous investigators used to analyze saving behavior. In addition to expectations about household income and the economy, we create an optimism...

This study uses data from the 2007 Survey of Consumer Finances to examine household saving behavior based on the two-period model of consumption/saving presented by Bowman et al. (1999). The main focus of the model is the existence of an asymmetry in saving behavior in response to positive and...

The purpose of this paper is to examine whether the increase in the proportion of U.S. households with financial obligations greater than 40% of income was due to mistakes or over-optimism. The proportion of households paying more than 40% of income for debt, rent, vehicle leases, property...