Sheraton Uptown, Albuquerque, NM, USA
Sunday, April 23 • 9:45am - 11:15am
D2A-Exploring Financial Behaviors and Attitudes of Low Income Households in the United States

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This research is designed to conduct a comprehensive analysis of various financial behaviors and attitudes of low income households who may face severe economic vulnerability after the Great Recession.  Results from the 2010 and 2013 Survey of Consumer Finances showed that households in severe poverty (100% of poverty threshold or less) were less likely to save, more likely to own stock, less likely to own a home, less likely to have ever filed for bankruptcy, less likely to have debt, and more likely to have debt delinquency compared to those in less severe poverty level.  Financial advisors working with low-income households could disseminate information regarding the risk factors in an effort to help households become more knowledgeable of such risks and perhaps avoid such financial difficulties.

Speakers & Presenters
avatar for Kyoung Tae (KT) Kim

Kyoung Tae (KT) Kim

Assistant Professor, University of Alabama

Sunday April 23, 2017 9:45am - 11:15am

Attendees (7)