Suchergebnisse

This study examines the relationships of single mothers' assets (home ownership, bank account ownership, automobile ownership, and net worth) and human capital development (educational advancement, work hours, and job-related training) to their economic mobility. Analysis of data from the National Longitudinal Survey of Youth (NLSY79) indicates factors that could help improve the upward economic mobility of single mothers include their assets, educational status and advancement, and work experience. Mothers' assets were also positively related to their educational advancement, job training participation, and work hours. Furthermore, it appears that the relationship between mother's assets (automobile ownership and net worth) with economic mobility was partially mediated by work experience. These results support investment strategies to enhance the long-term economic well-being of single mothers.

This study examines the association between student loan debt and financial hardships in health care utilization among young adults, with a focus on differences by race. This study analyzes data from the 2018 National Financial Capability Study, a publicly available data set, and includes 4,535 young adults in the age groups of 24–35 years. The study results show that student loan debt was related to financial hardships in health care utilization, measured with unpaid medical bills and missed health care services because of costs, after controlling for a range of socioeconomic factors as well as measures of financial knowledge and behaviors. In addition, student loan debt had additional negative influence on missed health care services for minority young adults. Further analyses indicate that among young adults who had outstanding student loans, those with late loan payments were more likely to have unpaid medical bills and missed health care services, compared to those without late loan payments. These findings inform helpful policy and practice implications for improving financial status of young adults with student loans, especially those with late loan payment and minority young adults.