Indebtedness in Early Adulthood: Causes and Remedies

Description

This book reviews problems with credit use and causes of indebtedness among young adults, while uncovering possibilities to encourage a healthier attitude towards loans in this segment of the population. Both consumption loans and mortgages are covered in order to adequately represent real-world credit use by young people about to enter adulthood. It focuses on three distinctive actors: the legislative authorities, the financial institution, most commonly a bank, and finally the individual borrower. More specifically, the book discusses the functioning of these three entities in the context of young adults borrowing behaviour, and would appeal to academics, researchers and students of financial institutions and banking. Front Matter ....Pages i-xvii Front Matter ....Pages 1-1 Why Study Young Adults’ Indebtedness? (Jeanette Carlsson Hauff, Tommy Gärling, Ted Lindblom)....Pages 3-20 Indebtedness, Over-Indebtedness and Wellbeing (Viktor Elliot, Ted Lindblom)....Pages 21-48 The Loan Market—The Swedish Example (Jeanette Carlsson Hauff, Ted Lindblom, Jonas Nilsson)....Pages 49-61 Front Matter ....Pages 63-63 Young Adults’ Attitudes Toward Borrowing (Amelie Gamble, Tommy Gärling, Patrik Michaelsen)....Pages 65-87 Young Adults’ Consumption Desires, Feelings of Financial Scarcity and Borrowing (Amelie Gamble, Tommy Gärling, Patrik Michaelsen)....Pages 89-108 Front Matter ....Pages 109-109 Impacts of Loan Communication on Young Adults’ Borrowing (Jonas Nilsson, Jeanette Carlsson Hauff)....Pages 111-128 Financial Literacy and Debt (Anders Carlander, Jeanette Carlsson Hauff)....Pages 129-149 Front Matter ....Pages 151-151 Toward Soundness in Provision of Credits and Loans to Young Adults (Viktor Elliot, Ted Lindblom)....Pages 153-175 Back Matter ....Pages 177-187