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The Relationship Between Leverage and Household Spending Behavior: Evidence from the 2007-2009 Survey of Consumer Finances

Year: 2013

Type: article

Abstract: Some recent studies suggest that high levels of household debt and leverage have contributed to the relatively sluggish growth of consumer spending in the past few years (Dynan, 2012; Mian, Rao, and Sufi, 2013). However, this conclusion has not been widely accepted because of the empirical challenges associated with identifying the relationship amid the dramatic and complicated changes in the household economic environment during the Great Recession and subsequent slow recovery.

DOI: 10.20955/r.95.425-448

Authors: Karen Dynan, Wendy Edelberg

Institution: Federal Reserve Bank of St. Louis

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: gold

Funder: Washington University in St. Louis

OpenAlex ID: W2164030770

FWCI: 5.174

Cites: 26

Cited by: 40

Related to: 10