Does U.S. Household Financial Access Mediate the Relationship Between a Large Income Drop and Credit Record?

J. Birkenmaier () and Q. Fu ()
Additional contact information
J. Birkenmaier: Saint Louis University School of Social Work
Q. Fu: Saint Louis University School of Public Health

Journal of Consumer Policy, 2019, vol. 42, issue 2, No 5, 267-283

Abstract: Abstract Household financial access, in the form of savings, investments, credit, and others, can provide the means to smooth consumption and make on-time payments when large income drops occur. This study examined the model in which household financial access mediated the association between a large income drop and credit record in a national representative sample. Results indicate that household financial access was significantly associated with a large income drop after controlling for financial education, socialization, knowledge, and sociodemographic variables. Results suggest that household financial access may buffer the relationship. Practice and policy implications are included.

Keywords: Household financial access; Large income drop; Credit report; Credit record; Bank account (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://link.springer.com/10.1007/s10603-019-9407-6 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:jcopol:v:42:y:2019:i:2:d:10.1007_s10603-019-9407-6

Ordering information: This journal article can be ordered from
http://www.springer. ... es/journal/10603/PS2

DOI: 10.1007/s10603-019-9407-6

Access Statistics for this article

Journal of Consumer Policy is currently edited by Hans Micklitz, John Thøgersen, Lucia A. Reisch, Alan Mathios and Christian Twigg-Flesner

More articles in Journal of Consumer Policy from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().