Household Finance
Household Finance Household financial decisions are vital to economic advancement and wealth building. Yet, statistics indicate that households are woefully unprepared and under-informed with regard to making financial decisions. Moreover, recessionary cycles often magnify the overall economic importance of individual and household financial decision making. The subprime mortgage crisis of 2008 is a good example of how individual and household financial decisions had a tremendous effect on the economy as a whole. Thus, understanding how household characteristics influence financial decisions is important to understanding both distributional welfare issues and broader financial market effects. Further, the research and study of household financial decision-making behavior is...