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Easy come, easy go
 — borrowing over the life-cycle
Author(s)Andrea Finney, Sharon Collard, Elaine Kempson
Corporate AuthorPersonal Finance Research Centre (PFRC), University of Bristol
PublisherStandard Life, Edinburgh, 2007
Pages68 pp
SourceLink to the research: https://www.bristol.ac.uk/geography/research/pfrc/themes/c...
KeywordsFinancial services [older people] ; Financial institutions ; Consumer ; Life span ; Research.
AnnotationThis research project was undertaken to better understand why people borrow and how borrowing may be mitigated or even avoided among three life stage groups: young adults, people in the family years, and people in post-family years (50s to early 70s). The research involved primary analysis of eight focus groups at these different stages, supported by the literature, secondary analysis of national survey data, and a workshop with experts in the field. In contrast to the pressures to consume of the two younger age groups, the report found that those in the post-family years had generally cautious attitudes to borrowing. The research concludes that policy responses need to focus on the positive advice throughout life of "making money work for you". (RH).
Accession NumberCPA-180223004 B
ClassmarkJ: WNL: WY: BG6: 3A

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