Bae, 1993

Bae, M., Hanna, S. & Lindamood, S. (1993). Patterns
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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Affiliations at the time of publication:

1. Mikyeong Bae, Assistant Professor and Department Chair, Family
Welfare Department, Keimyung University, Taegu, Korea. E-mail:

2. Sherman Hanna, Professor, Family Resource Management
and Textiles and Clothing Department, The Ohio State University, 1787 Neil
Ave., Columbus, OH 43210-1295. Phone: (614) 292-4584. Fax: (614) 292-7536.

Lindamood, Staff attorney, Ohio Legislative Services Commission, Columbus,