of overspending in U.S. households, Financial Counseling and Planning,
Patterns Of Overspending
In U.S. Households
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:
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,