Consumer Debt and Social Sustainability

Aldo Alvarez-Risco (), Shyla Del-Aguila-Arcentales (), Santiago Diaz-Risco and M. Chandra Sekar ()
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Aldo Alvarez-Risco: Facultad de Ciencias Administrativas y Recursos Humanos, Universidad de San Martín de Porres
Shyla Del-Aguila-Arcentales: Escuela Nacional de Marina Mercante “Almirante Miguel Grau”
Santiago Diaz-Risco: Centro de Fertilidad Cajamarca
M. Chandra Sekar: University of Findlay

Chapter Chapter 18 in Building Sustainable Cities, 2020, pp 251-260 from Springer

Abstract: Abstract Globally, the financial behavior of consumer is very relevant for companies, governments, and of course the consumers themselves. Major problem currently is the lack of sufficient knowledge among consumers about financial planning, known as financial literacy. Lack of such knowledge leads families and citizens to opt for wrong decisions that are financially expensive, resulting in increased debt load and depletion of retirement funds.

Keywords: Consumer; Consumer debt; Sustainability; Buyer; Trade (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-45533-0_18

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DOI: 10.1007/978-3-030-45533-0_18

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