An Analysis of the Recent Surge in Consumer Debt in Rural Areas

Donald L. Lerman

No 278324, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: Growth in aggregate consumer debt in rural areas during the 1983-86 period outpaced that of the Nation. However, most rural households with high consumer debt burdens were capable of paying off all debts with their assets-- nearly one quarter fully paid off all consumer debts within 3 years. Rural residents were found likely to hold significantly less consumer debt than urban residents with similar economic and demographic characteristics. Household income, net worth, recent vehicle expenditures, household size, and homeowner status also significantly affected the level of consumer debt by rural households.

Keywords: Community/Rural/Urban Development; Consumer/Household Economics; Financial Economics (search for similar items in EconPapers)
Pages: 41
Date: 1990-04
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/278324/files/ers-report-459.pdf (application/pdf)

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:ags:uerssr:278324

DOI: 10.22004/ag.econ.278324

Access Statistics for this paper

More papers in Staff Reports from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().