A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
Financial Behaviour Under Economic Strain in Different Age Groups : Predictors and Change Across 20 Years (2021)

Silinskas, G., Ranta, M., & Wilska, T.-A. (2021). Financial Behaviour Under Economic Strain in Different Age Groups : Predictors and Change Across 20 Years. Journal of Consumer Policy, 44(2), 235-257. https://doi.org/10.1007/s10603-021-09480-6

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JYU-tekijät tai -toimittajat

Silinskas, Gintautas
Wilska, Terhi-Anna

Julkaisun tiedot

Julkaisun kaikki tekijät tai toimittajat: Silinskas, G.; Ranta, M.; Wilska, T.-A.

Lehti tai sarja: Journal of Consumer Policy

ISSN: 0168-7034

eISSN: 1573-0700

Julkaisuvuosi: 2021

Volyymi: 44

Lehden numero: 2

Artikkelin sivunumerot: 235-257

Kustantaja: Springer

Julkaisumaa: Alankomaat

Julkaisun kieli: englanti

DOI: https://doi.org/10.1007/s10603-021-09480-6

Julkaisun avoin saatavuus: Avoimesti saatavilla

Julkaisukanavan avoin saatavuus: Osittain avoin julkaisukanava

Julkaisu on rinnakkaistallennettu (JYX): https://jyx.jyu.fi/handle/123456789/74823

Tiivistelmä

The present study examined the multiple micro- and macro-level factors that affect individuals’ financial behaviour under economic strain. The following sociodemographic and economic factors that predict financial behaviour were analysed: age group, year of data gathering, and attitudes towards consumption (economical, deprived, and hedonistic). Subjective financial situations and demographic characteristics were controlled for. Finnish time series data that consisted of five cross-sectional nationally representative surveys were used (n = 10 043). The analyses revealed four types of financial behaviour: cutting expenses, borrowing, increasing income, and gambling. Young adults aged 18–25 reported the lowest frequency of borrowing and gambling and the highest frequency of increasing income (together with young adults aged 26–35). Participants aged 66–75 scored the lowest in cutting expenses and increasing income in comparison to all other age groups. Financial behaviour under economic strain in 2019 can be characterized by lower instances of borrowing than in 2004 and 2009 and higher frequencies in increasing income in comparison to all other years of data gathering. Finally, strong attitudes towards saving were related to lower frequency of borrowing and gambling, whereas stronger hedonistic attitudes were related to lower frequency of cutting expenses and more frequent borrowing. The research results provide tools for consumer policy, consumer education, and consumer regulation.

YSO-asiasanat: henkilökohtainen talous; kuluttajakäyttäytyminen; säästäminen; lainat; rahapelit; sosiodemografiset tekijät; ikäryhmät

Vapaat asiasanat: financial behaviour; attitudes towards consumption; cutting expenses; borrowing; increasing income; gambling

Liittyvät organisaatiot

Hankkeet, joissa julkaisu on tehty

OKM-raportointi: Kyllä

Raportointivuosi: 2021

JUFO-taso: 1