Bae, M., Hanna, S. & Lindamood, S. (1993). Patterns of overspending in U.S. households, Financial Counseling and Planning, 4, 11-30.
Patterns Of Overspending In U.S. Households

Mikyeong Bae1, Sherman Hanna2, and Suzanne Lindamood3

An original analysis of the BLS Consumer Expenditure Survey shows that almost 40% of U.S. households spent more than their income in 1990. Multivariate logistic regression indicates that income level is the most important factor related to whether a household overspends. More educated consumers are more likely to overspend than are less educated consumers, when income and other factors are controlled.
Key Words: Overspending, Budgeting, Financial ratios, Saving, Spending 
 

To read and/or print this article in Acrobat format, you may need to download a free Adobe Acrobat Reader. Click here if you want to download the software.
Download article in Acrobat format
Affiliations at the time of publication:


1. Mikyeong Bae, Assistant Professor and Department Chair, Family Welfare Department, Keimyung University, Taegu, Korea. E-mail: baemik@kmu.ac.kr.

2. Sherman Hanna, Professor, Family Resource Management and Textiles and Clothing Department, The Ohio State University, 1787 Neil Ave., Columbus, OH 43210-1295. Phone: (614) 292-4584. Fax: (614) 292-7536. E-mail: hanna.1@osu.edu.
3.Suzanne Lindamood, Staff attorney, Ohio Legislative Services Commission, Columbus, OH. E-mail:suzannelindamood@hotmail.com
Return to journal home page