• Medientyp: E-Artikel
  • Titel: The Influence of Financial Well‐Being on Pawnshop Use
  • Beteiligte: Nicolini, Gianni; Cude, Brenda J.
  • Erschienen: Wiley, 2019
  • Erschienen in: Journal of Consumer Affairs, 53 (2019) 4, Seite 1674-1692
  • Sprache: Englisch
  • DOI: 10.1111/joca.12244
  • ISSN: 0022-0078; 1745-6606
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  • Beschreibung: This research examined the influence of financial well‐being on pawnshop use. Data from the 2015 National Financial Capability Study were used to construct a measure of financial well‐being, based on the Consumer Financial Protection Bureau's definition. A higher financial well‐being reduced the odds of pawnshop use by 17%, even after controlling for having a bank account, having a credit card, being financially overconfident, proximity to local pawnshops, and selected demographic characteristics. The authors make recommendations for future research based on changes in the pawnshop industry and its users.