Work

Is Student Debt Jeopardizing the Short-Term Financial Health of U.S. Households?

Year: 2013

Type: article

Abstract: In this study, the authors use the Survey of Consumer Finances to determine whether student loans are associated with household net worth. They find that median 2009 net worth ($117,700) for households with no outstanding student loan debt is nearly three times higher than for households with outstanding student loan debt ($42,800).

DOI: 10.20955/r.95.405-424

Authors: William Elliot, IlSung Nam

Institutions: University of Kansas, 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

OpenAlex ID: W13088366

FWCI: 24.57

Cites: 23

Cited by: 56

Related to: 10