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Is Financial Capability Related to the Effective Use of Debt in Australia?

Year: 2013

Type: article

Abstract: Australians’ high use of personal debt is, in part, attributable to the relaxation of the financial services regulation. There is concern that while debt has the potential to increase a person’s wealth, if used ineffectively it can have the opposite effect. This paper details a study of 680 Australians to ascertain whether their financial capability is related to the effective use of personal debt. The findings suggest that it appears people with greater financial capability are more likely to use debt effectively.

Source: Australasian Accounting Business and Finance Journal

DOI: 10.14453/aabfj.v7i3.7

Authors: Sanja Ajzerle, Mark Brimble, Brett Freudenberg

Institution: Griffith University

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W2038829667

FWCI: 1.694

Cites: 39

Cited by: 13

Related to: 10