DeVaney, 2004(1), Life Cycle Stage and Housing Cost Burden

Financial
Counseling and Planning

The Journal of the
Association for Financial
Counseling and
Planning Education


VolumeĀ  15(1),
2004


Life Cycle Stage and
Housing Cost Burden

Sharon A. DeVaney, Sophia Chiremba & Anne-Marie Vincent

    Housing cost burden
    (the ratio of housing cost to household income) is examined using data
    from the 2001 Survey of Consumer Finance. Results of ordered logistic
    regression show that singles and single parent families were less
    likely to have an affordable housing cost burden than couples with no
    children. Households with an affordable housing cost burden were more
    likely to be headed by a person with more education and one who saved
    regularly. If the head was Hispanic, Asian, or Native American, the
    household was less likely to have an affordable housing cost burden
    compared to those with a White household head.

    Keywords: Housing cost
    burden, Life cycle stage, Ordered logistic regression, Survey of
    Consumer Finance