Abstract Subjective Financial Well‐being (FWB) research has gained considerable interest
from both academics and practitioners recently. This research area focuses on the …

Borrowing decisions affect most households, with large stakes and implications for research
subfields as varied as macroeconomics and industrial organization. I review theoretical and …

More than two million US households have an eviction case filed against them each year.
Policy makers at the federal, state, and local levels are increasingly pursuing policies to …

We use an event study approach to examine the economic consequences of hospital
admissions for adults in two datasets: survey data from the Health and Retirement Study …

In this paper, we examine high-cost methods of borrowing in the United States, such as
payday loans, pawn shops, auto title loans, refund anticipation loans, and rent-to-own …

Household financial decisions are complex, interdependent, and heterogeneous, and
central to the functioning of the financial system. We present an overview of the rapidly …

This chapter provides an overview of household finance. The first part summarizes key facts
regarding household financial behavior, emphasizing empirical regularities that are …

Payday loans are used by millions of Americans every year despite their annualized interest
rates of several hundred percent. We provide new evidence on the consequences of payday …

Many US households have insufficient savings to cope with income losses, expenditure
shocks, and other financial emergencies, yet little research evidence explains why. Guided …

It is often argued that people might take on too much high-cost debt because they are
present focused and/or over-optimistic about how soon they will repay. We measure …