Full 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.
Contents
Part A. Introduction to Young Adults' Indebtedness.- Chapter 1. Why Study Young Adults' Indebtedness?; Jeanette Carlsson Hauff, Tommy Gärling, and Ted Lindblom.- Chapter 2. Indebtedness, Over-indebtedness and Wellbeing; Viktor Elliot and Ted Lindblom.- Chapter 3. The Loan Market—the Swedish Example; Jeanette Carlsson Hauff, Ted Lindblom, and Jonas Nilsson.- Part B. Psychological Factors Explaining Young Adults' Indebtedness.- Chapter 4. Young Adults' Attitude Toward Borrowing; Amelie Gamble, Tommy Gärling, and Patrik Michaelsen.- Chapter 5. Young Adults' Consumption Desires, Feelings of Financial Scarcity, and Borrowing; Amelie Gamble, Tommy Gärling, and Patrik Michaelsen.- Part C. Financial Information and Young Adults' Borrowing Decisions.- Chapter 6. Impacts of Loan Communication on Young Adults' Borrowing; Jonas Nilsson and Jeanette Carlsson Hauff.- Chapter 7. Financial Literacy and Debt; Anders Carlander and Jeanette Carlsson Hauff.- Part D. Legislator Tools and Possibilities for Healthy Lending.- Chapter 8. Towards Soundness in Provision of Credits and Loans to Young Adults; Viktor Elliot and Ted Lindblom.
