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1 Online-Ressource
Inhalt:
Millennials, or those born between 1980 and 1998, face unique financial situations relative to the general population. With increasing levels of educational loans and debt, many choose to live with their parents as a means of financial support, thus resulting in differing financial behaviors when compared to Millennials who live independently. This paper analyzes the effect of parental coresidence on debt, asset ownership, and asset values. We find evidence linking parental coresidence with decreases in magnitude and likelihood of having debt, along with significant differences in “risky” and “safe” asset ownership and valuations. Moreover, we find causal evidence that parental coresidence is used as a mechanism to decrease general debt.Full Text Available Here: "https://doi.org/10.1002/cfp2.1034" https://doi.org/10.1002/cfp2.1034
Anmerkung:
In: Financial Planning Review, Vol. 2, Issue 1, March 2019
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Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 29, 2019 erstellt
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Sprache:
Englisch
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