Passer au contenu principal
logo

2023 Annual Conference

du 16 au 18 May 2023

Palace Station Hotel & Casino, Las Vegas, NV, US

IMPORTANT NOTICE: The date, time, and room assignment of YOUR presentation is SUBJECT TO CHANGE.

Proposal authors can use this tool to see where they have been placed in the program agenda for an Oral or Poster Session.

Scroll down to search by the Submitter or Author Name, by Date/Time, or by Keywords.

Confirm your place in the schedule by following the instructionss that were emailed to you. Each presentation must have a separate paid registration. Contact the ACCI office immedicately by email at admin@consumerinterests.org to report any conflict, all corrections to the details of the presentation (including author names and the order they are listed as this is how it will be in the final program), or if you have any questions. Please be sure to reference the session title(s), date(s), and time(s) when you contact us.

G2c Impact of Housing Status and Debt on Financial Satisfaction Among Young Adults

jeudi 18 mai 2023 à 09:45–11:15 PDT
Room 2
Short Description

The focus of this study was to explore debt and other characteristics associated with renting or owning a home among young adults and to examine how housing status and types of debt are associated with financial satisfaction among young adults. Specifically, this study includes three research questions: 1) How are various types of debt associated with housing status among young adults? 2) How do housing status and debt impact financial satisfaction of young adults? and 3) How do the young-young (age 18-29) differ from the young-old (age 30-37) in terms of financial satisfaction? Findings suggest that homeownership, in particular, owning a home (regardless of whether participants held housing-related debt) was a significant predictor of financial satisfaction among young-old adults (ages 30-37). The findings of this study also suggest that credit card debt significantly reduced financial satisfaction for both the young-young and young-old groups, but automobile and student loan debt decreased financial satisfaction only for the young-old (ages 30-37). Finding demonstrate that young adults are facing substantial barriers to homeownership which is influencing their financial satisfaction and overall life satisfaction.

Type of presentation

Accepted Oral Presentation

Submitter

Yoon Geum Lee, Utah State University

Authors

Yoon Lee, Utah State University
Jessica Ralphs, Utah State University
Jennifer Whiteley, Utah State University
Heather Kelley, Utah State University
Chargement en cours …