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Welcome to the 2017 AFS Annual Meeing, being held this year, in conjunction with FPA in Nashville!
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Monday, October 2 • 3:00pm - 4:00pm
I3b The Financial Obligations Burden of U.S. Renter and Owner Households after the Great Recession

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The proportion of homeowners with financial obligations payments over 40% of income (heavy burdens) decreased from 22% in 2007 to 16% in 2013, while the proportion of renters with heavy burdens increased from 35% in 2007 to 42% in 2013. We conducted separate logistic regressions of homeowners and renters in 2013 to ascertain the effects of household characteristics on having a heavy burden, and found that having an education loan was related to having a heavy burden for homeowners but not for renters. Homeowners and renters with college degrees were more likely to have heavy burdens than those without college.

Author(s): Congrong Ouyang, MS, Sherman D. Hanna

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Congrong Ouyang

Graduate Associate, Ohio State University

Monday October 2, 2017 3:00pm - 4:00pm

Attendees (1)