Journal of the Korean Home Economics Association (대한가정학회지)

The Korean Home Economics Association (대한가정학회)
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The Middle-Old Aged Empty Nest Households' Debts Holding and Financial Status: Considering the Level of Income and Assets

중고령자 빈둥우리가계의 부채보유여부와 가계 재무상태: 소득과 자산 수준을 고려하여

  • Song, Hyun-Ju (Department of Consumer and Child Studies, Inha University) ;
  • Yoon, Jung-Hai (Department of Consumer and Child Studies, Inha University)
  • 송현주 (인하대학교 소비자아동학과) ;
  • 윤정혜 (인하대학교 소비자아동학과)
  • Received : 2012.02.06
  • Accepted : 2012.04.03
  • Published : 2012.06.30
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Abstract

This research was conducted for the analysis the middle-old aged empty nest households' debt holdings and their financial status(emergency fund index, liquidity index, debt burden index) considering the level of income and assets. In order to accomplish this study, we made use of the KReIS third beta-version data. The results of the analysis were as follows. First, in all income asset groups there were more non-debts holding houses compared to debt holding houses. Moreover in debts holding houses, compared to other groups high income high assets groups were more. Second, the households that possessed more assets, had more debts. Third, the financial status of the households holding debts were more vulnerable compared to households that had no debts. Moreover, all income asset groups' emergency fund index were low. Households having no debts possessed low real assets and so the liquidity index was higher in holding debts households. In holding debts households, debt burden index was high. And especially these houses suffered from high debt burden when their income and asset were low.

Keywords

References

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