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dc.contributor.authorSilinskas, G.
dc.contributor.authorRanta, M.
dc.contributor.authorWilska, T.-A.
dc.date.accessioned2021-03-24T06:48:04Z
dc.date.available2021-03-24T06:48:04Z
dc.date.issued2021
dc.identifier.citationSilinskas, G., Ranta, M., & Wilska, T.-A. (2021). Financial Behaviour Under Economic Strain in Different Age Groups : Predictors and Change Across 20 Years. <i>Journal of Consumer Policy</i>, <i>44</i>(2), 235-257. <a href="https://doi.org/10.1007/s10603-021-09480-6" target="_blank">https://doi.org/10.1007/s10603-021-09480-6</a>
dc.identifier.otherCONVID_52397534
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/74823
dc.description.abstractThe 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.en
dc.format.mimetypeapplication/pdf
dc.languageeng
dc.language.isoeng
dc.publisherSpringer
dc.relation.ispartofseriesJournal of Consumer Policy
dc.rightsCC BY 4.0
dc.subject.otherfinancial behaviour
dc.subject.otherattitudes towards consumption
dc.subject.othercutting expenses
dc.subject.otherborrowing
dc.subject.otherincreasing income
dc.subject.othergambling
dc.titleFinancial Behaviour Under Economic Strain in Different Age Groups : Predictors and Change Across 20 Years
dc.typearticle
dc.identifier.urnURN:NBN:fi:jyu-202103242163
dc.contributor.laitosYhteiskuntatieteiden ja filosofian laitosfi
dc.contributor.laitosPsykologian laitosfi
dc.contributor.laitosDepartment of Social Sciences and Philosophyen
dc.contributor.laitosDepartment of Psychologyen
dc.contributor.oppiainePsykologiafi
dc.contributor.oppiaineSosiologiafi
dc.contributor.oppiainePsychologyen
dc.contributor.oppiaineSosiologyen
dc.type.urihttp://purl.org/eprint/type/JournalArticle
dc.description.reviewstatuspeerReviewed
dc.format.pagerange235-257
dc.relation.issn0168-7034
dc.relation.numberinseries2
dc.relation.volume44
dc.type.versionpublishedVersion
dc.rights.copyright© The Author(s) 2021
dc.rights.accesslevelopenAccessfi
dc.relation.grantnumber327237
dc.subject.ysoikäryhmät
dc.subject.ysolainat
dc.subject.ysosäästäminen
dc.subject.ysohenkilökohtainen talous
dc.subject.ysorahapelit
dc.subject.ysokuluttajakäyttäytyminen
dc.subject.ysososiodemografiset tekijät
dc.format.contentfulltext
jyx.subject.urihttp://www.yso.fi/onto/yso/p5593
jyx.subject.urihttp://www.yso.fi/onto/yso/p4705
jyx.subject.urihttp://www.yso.fi/onto/yso/p9769
jyx.subject.urihttp://www.yso.fi/onto/yso/p27564
jyx.subject.urihttp://www.yso.fi/onto/yso/p3446
jyx.subject.urihttp://www.yso.fi/onto/yso/p8576
jyx.subject.urihttp://www.yso.fi/onto/yso/p26361
dc.rights.urlhttps://creativecommons.org/licenses/by/4.0/
dc.relation.doi10.1007/s10603-021-09480-6
dc.relation.funderSuomen Akatemiafi
dc.relation.funderAcademy of Finlanden
jyx.fundingprogramStrategisen tutkimuksen ohjelmat STN, SAfi
jyx.fundingprogramStrategic research programmes, AoFen
jyx.fundinginformationThis study is part of the DigiConsumers research project funded by the Strategic Research Council (SRC) established within the Academy of Finland (Grant numbers: #327237 and #327242). Open access funding provided by University of Jyväskylä (JYU).


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