Analysis of Overspending in Korean Households

가계의 초과지출 상태 및 관련변인 분석

The purpose of this study was to examine the overspending in Korean urban households. Data for this study were from the 2001 Household Income and Expenditure Survey and consisted of a sample of 3,250 households. The mean of the spending to income ratio was 1.02 and 37% of the households spent more than 100% of their taken-home income. Multiple logistic regression was used to investigate the determinants of overspending. Education, job, household type, the number of earners, the number of children, life cycle, location, and home ownership were significant variables which influence the overspending. The results of this study is useful for financial planners and counselors to make a guide line for overspenders.