of overspending in U.S. households, Financial Counseling and Planning,
4, 11-30.
Patterns Of Overspending
In U.S. Households
Mikyeong Bae1,
Sherman Hanna2, and Suzanne Lindamood3
An original analysis of
the BLS Consumer Expenditure Survey shows that almost 40% of U.S. households
spent more than their income in 1990. Multivariate logistic regression
indicates that income level is the most important factor related to whether
a household overspends. More educated consumers are more likely to overspend
than are less educated consumers, when income and other factors are controlled.
Key Words: Overspending, Budgeting, Financial ratios, Saving, Spending
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1. Mikyeong Bae, Assistant Professor and Department Chair, Family
Welfare Department, Keimyung University, Taegu, Korea. E-mail:
baemik@kmu.ac.kr.
and Textiles and Clothing Department, The Ohio State University, 1787 Neil
Ave., Columbus, OH 43210-1295. Phone: (614) 292-4584. Fax: (614) 292-7536.
E-mail:
hanna.1@osu.edu.
Lindamood, Staff attorney, Ohio Legislative Services Commission, Columbus,
OH. E-mail:suzannelindamood@hotmail.com