Consumer Financial Delinquency Over Life Cycle Stages

This study examined consumer financial delinquency risk over life cycle stages. Consumer financial delinquency risk was measured by being 60 or more days late in debt payment. Fifteen life cycle stages were defined by household head’s age, marital status, and presence and age of children. Using data from the 1992-2007 U.S. Surveys of Consumer Finances, bivariate analysis results suggested that above average probabilities of delinquency risk existed in six life cycle stages. Results from multivariate logistic analyses showed respondents at seven life cycle stages were more likely to experience the delinquency risk than the reference category, young couples without children.


Jing Xiao and Rui Yao (2011) ,"Consumer Financial Delinquency Over Life Cycle Stages", in AP - Asia-Pacific Advances in Consumer Research Volume 9, eds. Zhihong Yi, Jing Jian Xiao, and June Cotte and Linda Price, Duluth, MN : Association for Consumer Research, Pages: 184-185.


Jing Xiao, University of Rhode Island, USA
Rui Yao, University of Missouri, USA


AP - Asia-Pacific Advances in Consumer Research Volume 9 | 2011

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