Mapping the fragility of U.S. household finance: social classes and the functions of wealth.
This paper investigates U.S. household financial fragility from a Classical perspective inspired by Pasinetti's work. Focusing on class differences, we use eleven waves of the Survey of Consumer Finances to examine how debt patterns and borrowing motives relate to financial vulnerability over the fo...
| Publicado en: | Journal of Post Keynesian Economics Vol. 49; no. 2; pp. 265 - 306 |
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| Autores principales: | , |
| Formato: | Artículo |
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Taylor & Francis Ltd
Jun2026
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=195835566&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 195835566 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 01603477 PKE jtl: Journal of Post Keynesian Economics issn: 01603477 maglogo: N pubinfo: dt: Jun2026 vid: 49 iid: 2 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 195835566 10.1080/01603477.2026.2631645 ppf: 265 ppct: 41 formats: tig: atl: Mapping the fragility of U.S. household finance: social classes and the functions of wealth. aug: au: Costantini, Orsola D'Ippoliti, Carlo affil: Institute for Economic Justice Sapienza University of Rome, and Centro Interdisciplinare Linceo Giovani su: United States Social classes Income inequality Macroeconomics Interest rates Personal finance Debt service Financial security sug: subj: Social classes Income inequality Macroeconomics United States Consumer Lending Interest rates Personal finance Debt service Financial security keyword: financial fragility Household debt Pasinetti social classes financial fragility Household debt Pasinetti social classes ab: This paper investigates U.S. household financial fragility from a Classical perspective inspired by Pasinetti's work. Focusing on class differences, we use eleven waves of the Survey of Consumer Finances to examine how debt patterns and borrowing motives relate to financial vulnerability over the four decades before the global pandemic. Our framework connects household-level behavior with macroeconomic conditions and allows for a unified evaluation of competing explanations for rising indebtedness. We find that relative poverty, income inequality, and limited access to essential services are key drivers of household debt, while macroeconomic factors—especially interest-rate policy—play a central role in shaping its sustainability. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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