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Wiley InterScience | |||||||
  Fiscal StudiesVolume 25 Issue 1, Pages 1 - 25 Published Online: 2 Feb 2005 © Institute for Fiscal Studies, 2009 Published on behalf of the Institute for Fiscal Studies
Abstract | References | Full Text: PDF (Size: 155K) | Related Articles | Citation Tracking  Use of credit and arrears on debt among low-income families in the United Kingdom This paper stems from work at the Experian Centre for Economic Modelling in the School of Economics at the University of Nottingham, largely funded by Experian Ltd. The Survey of Low Income Families (SOLIF) has been accessed through the ESRC Data Archive Panel at the University of Essex. The authors' thanks go Mike Brewer for initially suggesting the use of SOLIF/FACS for this work, to participants in a workshop at the Centre for Finance and Consumption at the European University Institute in Florence for comments on an early draft of the paper, and to an editor and two referees of the journal for their detailed and helpful suggestions. Copyright Institute for Fiscal Studies, 2004 KEYWORDS D12 • D14 • consumer economics • personal finance • debt • empirical analysis Abstract
Household accumulation of debt and arrears on debt, especially among low-income families, is an extremely topical issue in the UK media and in policy circles. This paper utilises data from the UK's Survey of Low Income Families in order to examine use of credit, and default and arrears, among low-income families with children. It shows how credit use and accumulation of arrears differ between single parents and couples with children, and also between homeowners and renters. It also briefly examines the persistence of arrears on specific forms of credit using the panel element of the data-set, now named the Families and Children Survey. | 
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