Financial Behaviour Under Economic Strain in Different Age Groups: Predictors and Change Across 20 Years
| العنوان: | Financial Behaviour Under Economic Strain in Different Age Groups: Predictors and Change Across 20 Years |
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| المؤلفون: | Gintautas Silinskas, Mette Ranta, Terhi-Anna Wilska |
| المساهمون: | Department of Education, Research Group for Educational Psychology |
| المصدر: | Journal of Consumer Policy |
| بيانات النشر: | Springer Science and Business Media LLC, 2021. |
| سنة النشر: | 2021 |
| مصطلحات موضوعية: | Financial behaviour, Attitudes towards consumption, CAPABILITY, borrowing, YOUNG-ADULTS, Borrowing, 050207 economics, Young adult, media_common, attitudes towards consumption, sosiodemografiset tekijät, INDEPENDENCE, 05 social sciences, ikäryhmät, kuluttajakäyttäytyminen, FINLAND, 5144 Social psychology, increasing income, 8. Economic growth, Business, Management and Accounting (miscellaneous), Psychology, CONSUMER, Economics and Econometrics, 515 Psychology, media_common.quotation_subject, henkilökohtainen talous, säästäminen, Affect (psychology), Consumer education, cutting expenses, Age groups, Debt, 0502 economics and business, rahapelit, Increasing income, financial behaviour, INDEBTEDNESS, Finance, Consumption (economics), Original Paper, CONSEQUENCES, Data collection, business.industry, CONSUMPTION, DEBT, LIFE-CYCLE, gambling, Gambling, 050211 marketing, lainat, business, Cutting expenses |
| الوصف: | The present study examined the multiple micro- and macro-level factors that affect individuals’ financial behaviour under economic strain. The following sociodemographic and economic factors that predict financial behaviour were analysed: age group, year of data gathering, and attitudes towards consumption (economical, deprived, and hedonistic). Subjective financial situations and demographic characteristics were controlled for. Finnish time series data that consisted of five cross-sectional nationally representative surveys were used (n = 10 043). The analyses revealed four types of financial behaviour: cutting expenses, borrowing, increasing income, and gambling. Young adults aged 18–25 reported the lowest frequency of borrowing and gambling and the highest frequency of increasing income (together with young adults aged 26–35). Participants aged 66–75 scored the lowest in cutting expenses and increasing income in comparison to all other age groups. Financial behaviour under economic strain in 2019 can be characterized by lower instances of borrowing than in 2004 and 2009 and higher frequencies in increasing income in comparison to all other years of data gathering. Finally, strong attitudes towards saving were related to lower frequency of borrowing and gambling, whereas stronger hedonistic attitudes were related to lower frequency of cutting expenses and more frequent borrowing. The research results provide tools for consumer policy, consumer education, and consumer regulation. |
| وصف الملف: | application/pdf; fulltext |
| تدمد: | 1573-0700 0168-7034 |
| DOI: | 10.1007/s10603-021-09480-6 |
| URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_dedup___::11acc1e065effa414aa2f494034b9d2c https://doi.org/10.1007/s10603-021-09480-6 |
| Rights: | OPEN |
| رقم الانضمام: | edsair.doi.dedup.....11acc1e065effa414aa2f494034b9d2c |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 15730700 01687034 |
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| DOI: | 10.1007/s10603-021-09480-6 |