Journal of Finance and Accountancy Determinants of consumer debt, Page

management variables. The consumer debt burden has become such a problem that the United States recently passed legislation reforming the U.S. bankruptcy codes. Through the use of empiri the 2001 Consumer Expenditure Survey this work employs two stages of statistical review to find implications of a propensity to consumer research shows individuals with higher education levels exhibit a tendency toward having higher consumer debt. A number of financial sources of varying compositions are utilized in this paper. Many of these financial sources exhibit a positive consumer indebtedness