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G1a Does Family Support Network Influence the Perceived Need for Emergency Savings?
Key Words
household, percieved, adequacy, emergency, financial, distress, family, support, SCF, vulnerable
Short Description
Using the data from 2016 wave of the Survey of Consumer Finances, this study examines the association between households' perceived need for emergency funds and their expectations of financial support from relatives during the time of financial hardship. Controlling for various demographic, finanical, employment, health and attitudinal aspects of the households, the regression results show that the percieved amount is lower by an average of 24% for the finanical support seeking households.
First & Corresponding Author
Malika Dhakhwa, University of Georgia
Authors in the order to be printed
Malika Dhakhwa, Patryk Babiarz