Mastodawn

Here’s how Canadian households can recession‑proof finances as economic uncertainty climbs
#Canada #Economy #Business #CostOfLiving #Inflation #Recession #DebtCrisis #HouseholdFinance #Jobs #debt #Unemployment #Savings #MiddleClass #Inequality
#Recession
https://the-14.com/heres-how-canadian-households-can-recession-proof-finances-as-economic-uncertainty-climbs/

Here’s how Canadian households can recession‑proof finances as economic uncertainty climbs | The-14

Canadian households face rising uncertainty. Learn practical steps to reduce debt, cut costs, build savings, and stay financially resilient in a downturn.

The-14 Pictures

Marsden Jan 31

First time I've seen a /debit/ card money-back scheme.(Plenty of credit-cards with, but they all have high enough annual fees (and low enough returns) that we'd struggle to break even.) It would require a little more forward planning to make sure we had the money in the right account when it was optimal (like today (school uniforms, ugh)) but even 1% of our 4-human-3-cat grocery spend over the course of a year would not be insignificant.

#Sharesies #HouseholdFinance

https://intercom.help/sharesies/en/articles/12369156-investback

Investback | Sharesies Help Centre New Zealand

Learn how the Investback reward works—how you earn it, where you can invest it, how to set it up, and how to track your earnings.

tarale Sep 26, 2023

I DID A THING

https://disintegrated.fedipress.au/2023/09/26/i-did-a-thing/

I DID A THING – Get in the robot, Tarale

Benedict Guttman-Kenney Jan 19, 2023

Great to see our short buy now pay later (BNPL) paper published! 💳 🥳

Hope our open access publication helps generate LOTS of #BNPL research! #HouseholdFinance #EconTwitter

https://doi.org/10.1016/j.jbef.2023.100788

Christian Zimpelmann Jan 9, 2023

Investing money? Looking for a new job?

Often, we do not know the probabilities of potential outcomes (aka ambiguity).

Yet, we know much less about ambiguity attitudes, compared to risk attitudes.

New WP (joint with @econ_hmg and Axel Wogrolly) tries to change that.

@behavioralecon

@economics
#HouseholdFinance
#paper #econtooter

Central Statistics Office ☑Dec 14, 2022

Households were most likely to receive intergenerational wealth transfers from their parents, with 70% of those who had received a transfer, inheriting, or being gifted it, from their parents.

https://www.cso.ie/en/releasesandpublications/ep/p-itw/intergenerationaltransferofwealth2020/?utm_source=Tw&utm_medium=Tw&utm_campaign=ITW
#CSOIreland #Ireland #Wealth #WealthTransfer #HouseholdFinance

Intergenerational Transfer of Wealth 2020 - CSO - Central Statistics Office

Central Statistics Office ☑Dec 14, 2022

More than a third of Irish households have received at least one inheritance or substantial gift at some point
https://www.cso.ie/en/releasesandpublications/ep/p-itw/intergenerationaltransferofwealth2020/?utm_source=Tw&utm_medium=Tw&utm_campaign=ITW
#CSOIreland #Ireland #Wealth #WealthTransfer #HouseholdFinance

Intergenerational Transfer of Wealth 2020 - CSO - Central Statistics Office

Christian Zimpelmann Nov 23, 2022

Skewness expectations 📈 📉and portfolio choice

Main findings:
1. individuals’ skewness expectations are highly heterogeneous
2. respondents expect a higher variance and skewness for the individual stock compared to the index fund
3. portfolio allocations increase with the skewness of respondents’ subjective return expectations for the respective asset

Out now at Experimental Economics: https://link.springer.com/article/10.1007/s10683-022-09780-9

@behavioralecon @economics #HouseholdFinance
#paper #econtooter

Skewness expectations and portfolio choice - Experimental Economics

Many models of investor behavior predict that investors prefer assets that they believe to have positively skewed return distributions. We elicit detailed return expectations for a broad index fund and a single stock in a representative sample of the Dutch population. The data show substantial heterogeneity in individuals’ skewness expectations of which only very little is captured by sociodemographics. Across assets, most respondents expect a higher variance and skewness for the individual stock compared to the index fund. Portfolio allocations increase with the skewness of respondents’ return expectations for the respective asset, controlling for other moments of a respondent’s expectations.

SpringerLink

Benedict Guttman-Kenney Nov 22, 2022

👋#EconTwitter We're running a panel session on using consumer credit bureau data at #AEA2023 #AFA2023 #ASSA2023 #HouseholdFinance

If you have questions about these please ask them anonymously via this form 👉https://forms.gle/MZPGsa1VeSZmQV766

We'll try to answer as many of your questions as possible during our panel. Thank you!🙏

Consumer Credit Reporting Q+A

Hello, We are running a session `A guide to consumer credit bureau data' at AEA 2023 (come join online & in-person 7th Jan, 2.30pm CT). Please let us know your questions about using these data. We'll try to cover as many of these as possible to help make this session useful. Thank you! Ben N.b. all responses are collected anonymously.

Google Docs

Christian Zimpelmann Nov 16, 2022

Greed, selfishness, excessive gambling.

This is what many people associate with stockholders.

We show that these associations are a key reason why people do not invest in the stock market.

Joint work w/ Luca Henkel who is on the econ job market with the paper.

Thread👇 Paper 👉 https://luca-henkel.github.io/papers/Henkel_JMP.pdf

#econtwitter #paper @behavioralecon @experimentalecon @economics #householdfinance