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An Empirical Study on the Influencing factors of Household Debt
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  • Journal title : Journal of Digital Convergence
  • Volume 14, Issue 5,  2016, pp.177-183
  • Publisher : The Society of Digital Policy and Management
  • DOI : 10.14400/JDC.2016.14.5.177
 Title & Authors
An Empirical Study on the Influencing factors of Household Debt
Lee, Shin-Nam;
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 Abstract
The purpose of this study is to analyze the affecting factors and debt characteristics with household debt. The method of analysis was used SPSS 22.0. The main results were as follows. First, psychological debt burden group were found to be lower academic background, more household members, job in agriculture, forestry and fisheries and women among demographic characteristics. This suggests the need for the governments who are interested in the risk from household debt. Second, psychological debt burden group showed higher level of debt and average monthly debt repayments. This study implies that it is necessary to do financial education and consulting. Third, psychological debt burden group seemed that the households with more the average monthly interest payments and repayments on income, the more total liabilities compared to total assets. As the ages get higher, it was gradually increased. It suggests that the development of psychological counseling program for debtor with household debt. Other factors(property prices or the financial environments) will be dealt with in the subsequent studies.
 Keywords
Household debt;Demographic characteristics;Psychological debt burden;Debt characteristics;Affecting factors;
 Language
Korean
 Cited by
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