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A Fragile BalanceLiquid Savings Patterns and Credit Usage among the Poor

A Fragile Balance: Liquid Savings Patterns and Credit Usage among the Poor [People who lack reserve funds are financially vulnerable, one lost paycheck or unexpected expense away from financial hardship. Emergency savings can provide a cushion, so the households facing a financial shock can continue to function in the event of a significant income or expense shock, such as unemployment or a major car repair.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Fragile BalanceLiquid Savings Patterns and Credit Usage among the Poor

Editors: Collins, J. Michael
Gjertson, Leah
A Fragile Balance — Nov 3, 2015
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Publisher
Palgrave Macmillan US
Copyright
© Palgrave Macmillan, a division of Nature America Inc. 2015
ISBN
978-1-349-50398-8
Pages
17 –37
DOI
10.1057/9781137482372_2
Publisher site
See Chapter on Publisher Site

Abstract

[People who lack reserve funds are financially vulnerable, one lost paycheck or unexpected expense away from financial hardship. Emergency savings can provide a cushion, so the households facing a financial shock can continue to function in the event of a significant income or expense shock, such as unemployment or a major car repair.]

Published: Nov 3, 2015

Keywords: Financial Satisfaction; Financial Knowledge; Alternative Financial Service; Financial Shock; Payday Loan

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