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Erschienen in:
Why Study Young Adults’ Indebtedness? Kapitel lesen Erstes Kapitel lesen

2019 | OriginalPaper | Buchkapitel

6. Impacts of Loan Communication on Young Adults’ Borrowing

verfasst von : Jonas Nilsson, Jeanette Carlsson Hauff

Erschienen in: Indebtedness in Early Adulthood

Verlag: Springer International Publishing

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Abstract

Against the backdrop of an increasing problem of over-indebtedness among young adults, the potential of communication as a means to promote a more responsible borrowing behavior is explored. We first analyze the ability of young borrowers to interpret given loan information. Our findings show that it seems difficult for young adults to accurately calculate what they can afford when only being exposed to an overall cost. We also find that the level of loan literacy had a distinct positive impact. Second, we focus on the impact of the format of the presented information on borrowing behavior and conclude that the use of narratives may have a limited impact on borrowing behavior.

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Vorheriges Kapitel Young Adults’ Consumption Desires, Feelings of Financial Scarcity and Borrowing
Nächstes Kapitel Financial Literacy and Debt
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Metadaten
Titel
Impacts of Loan Communication on Young Adults’ Borrowing
verfasst von
Jonas Nilsson
Jeanette Carlsson Hauff
Copyright-Jahr
2019
Buch
Indebtedness in Early Adulthood

Print ISBN: 978-3-030-13995-7

Electronic ISBN: 978-3-030-13996-4

Copyright-Jahr: 2019

DOI
https://doi.org/10.1007/978-3-030-13996-4_6