Welcome to the 2018 AFS Annual Meeting, being held this year, in conjunction with FPA in Chicago!
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Tuesday, October 2 • 10:30am - 11:20am
C1a - The Effect of Behavior Problems on Unsecured Debt Use [CFP Risk Preference - Nature or Nurture]

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This paper examines the effect of behavior problems on credit card debt and
student debt among young adults. The results show that behavior problems, in general, do
not predict credit card ownership, intensive credit card use, student loans, and high level
of indebtedness. Internalizing behavior problems are associated with a lower probability
of having carryover balances and a drop in unsecured debt. Behavior problems are linked
to a decrease in the probability of having student loans and a drop in the student loan
balance. The results also show that when families have unsecured debt, the likelihood
that their children as young adults use credit cards and the balance on these credit cards
are higher.

Author(s): Anca Traian


Anca Traian

Assistant Professor, East Tennessee State University

Tuesday October 2, 2018 10:30am - 11:20am CDT
Michigan 1A

Attendees (2)