Liquid Savings Patterns and Credit Usage among the Poor

Leah Gjertson

Chapter Chapter 2 in A Fragile Balance, 2015, pp 17-37 from Palgrave Macmillan

Abstract: Abstract People who lack reserve funds are financially vulnerable, one lost paycheck or unexpected expense away from financial hardship. Emergency savings can provide a cushion, so the households facing a financial shock can continue to function in the event of a significant income or expense shock, such as unemployment or a major car repair.

Keywords: Financial Satisfaction; Financial Knowledge; Alternative Financial Service; Financial Shock; Payday Loan (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-48237-2_2

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DOI: 10.1057/9781137482372_2

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