Consumer Debt and Social Sustainability

Alvarez-Risco A.; Del-Aguila-Arcentales S.; Diaz-Risco S.; Sekar M.C. · Building Sustainable Cities: Social, Economic and Environmental Factors (2020) · DOI: 10.1007/978-3-030-45533-0_18

Resumen

Globally, the financial behavior of consumer is very relevant for companies, governments, and of course the consumers themselves. Major problem currently is the lack of sufficient knowledge among consumers about financial planning, known as financial literacy. Lack of such knowledge leads families and citizens to opt for wrong decisions that are financially expensive, resulting in increased debt load and depletion of retirement funds. © Springer Nature Switzerland AG 2020.

Instituciones: Universidad Nacional de la Amazonía Peruana; Universidad de San Martín de Porres