Open Access Journal Article

Student loan debt and U.S. married households’ stock investment decisions

by Thomas Korankye a,* orcid
a
Personal and Family Financial Planning, Norton School of Human Ecology, The University of Arizona, Tucson, USA
*
Author to whom correspondence should be addressed.
EAL  2023, 37; 2(4), 37; https://doi.org/10.58567/eal02040003
Received: 28 February 2023 / Accepted: 8 July 2023 / Published Online: 20 July 2023
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Abstract

This study aims to examine the effects of student loan debt on the decisions of U.S. married households to invest in stocks located in non-retirement accounts. Using longitudinal datasets from the 2011 to 2017 U.S. Panel Study of Income Dynamics and a fixed effects logit model, the results show mixed findings. The presence of student debt decreases the probability that married households will own stocks, but the amount of student debt does not show a statistically significant effect. The findings suggest that the incidence of student debt raises the perception of liquidity constraints and debt burden among married households.

Keywords: Student loan debt; stock ownership; married households; stock investments; Panel Study of Income Dynamics;
Copyright: © 2023 by Korankye. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

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ACS Style
Korankye, T. Student loan debt and U.S. married households’ stock investment decisions. Economic Analysis Letters, 2023, 2, 37. https://doi.org/10.58567/eal02040003
AMA Style
Korankye T. Student loan debt and U.S. married households’ stock investment decisions. Economic Analysis Letters; 2023, 2(4):37. https://doi.org/10.58567/eal02040003
Chicago/Turabian Style
Korankye, Thomas 2023. "Student loan debt and U.S. married households’ stock investment decisions" Economic Analysis Letters 2, no.4:37. https://doi.org/10.58567/eal02040003
APA style
Korankye, T. (2023). Student loan debt and U.S. married households’ stock investment decisions. Economic Analysis Letters, 2(4), 37. https://doi.org/10.58567/eal02040003

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