The Effects of Relationship with Family and Friends on the Household Reporting of Arrears
The increasing level of household debt in the UK has raised significant concerns over the financial stability at household level, especially as a result of the financial crisis in 2008/09. High household debt level could potentially impact the households’ ability to meet financial obligations and th...
| Main Author: | |
|---|---|
| Format: | Dissertation (University of Nottingham only) |
| Language: | English English English English English English English English |
| Published: |
2016
|
| Subjects: | |
| Online Access: | https://eprints.nottingham.ac.uk/36642/ |
| _version_ | 1848795321366216704 |
|---|---|
| author | Dang, Hang |
| author_facet | Dang, Hang |
| author_sort | Dang, Hang |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | The increasing level of household debt in the UK has raised significant concerns over the financial stability at household level, especially as a result of the financial crisis in 2008/09. High household debt level could potentially impact the households’ ability to meet financial obligations and the sustainability of the economy. This paper is going to explore the effects of relationship with family and friends on the household probability of falling into arrears with housing costs, council tax and household bills payments, which is believed to initially signal potential financial difficulties at household level. The research analyses a data set of 8,616 households from the wave 5 of a longitudinal study Understanding Society, which reflects the 21st century life in the UK. The findings suggest that strong relationships with family and friends reduce the household probability of failing to meet financial commitments, while disappointment in relationships with family and friends leads to households being more likely to fall into arrears. In particular, understanding and reliability from family and friends, as well as the ability to share worries with family and friends most significantly decrease the household likelihood of arrears in mortgage and rental payments. |
| first_indexed | 2025-11-14T19:30:14Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-36642 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English English English English English English English English |
| last_indexed | 2025-11-14T19:30:14Z |
| publishDate | 2016 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-366422021-06-11T16:00:20Z https://eprints.nottingham.ac.uk/36642/ The Effects of Relationship with Family and Friends on the Household Reporting of Arrears Dang, Hang The increasing level of household debt in the UK has raised significant concerns over the financial stability at household level, especially as a result of the financial crisis in 2008/09. High household debt level could potentially impact the households’ ability to meet financial obligations and the sustainability of the economy. This paper is going to explore the effects of relationship with family and friends on the household probability of falling into arrears with housing costs, council tax and household bills payments, which is believed to initially signal potential financial difficulties at household level. The research analyses a data set of 8,616 households from the wave 5 of a longitudinal study Understanding Society, which reflects the 21st century life in the UK. The findings suggest that strong relationships with family and friends reduce the household probability of failing to meet financial commitments, while disappointment in relationships with family and friends leads to households being more likely to fall into arrears. In particular, understanding and reliability from family and friends, as well as the ability to share worries with family and friends most significantly decrease the household likelihood of arrears in mortgage and rental payments. 2016-09-15 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/36642/1/Hang_dissertation_final.docx image/jpeg en https://eprints.nottingham.ac.uk/36642/2/image1.jpeg image/png en https://eprints.nottingham.ac.uk/36642/3/image2.png image/png en https://eprints.nottingham.ac.uk/36642/4/image3.png image/png en https://eprints.nottingham.ac.uk/36642/5/image6.png image/png en https://eprints.nottingham.ac.uk/36642/6/image4.png image/png en https://eprints.nottingham.ac.uk/36642/7/image5.png application/pdf en https://eprints.nottingham.ac.uk/36642/8/Hang_dissertation_final.pdf Dang, Hang (2016) The Effects of Relationship with Family and Friends on the Household Reporting of Arrears. [Dissertation (University of Nottingham only)] English |
| spellingShingle | English Dang, Hang The Effects of Relationship with Family and Friends on the Household Reporting of Arrears |
| title | The Effects of Relationship with Family and Friends on the Household Reporting of Arrears |
| title_full | The Effects of Relationship with Family and Friends on the Household Reporting of Arrears |
| title_fullStr | The Effects of Relationship with Family and Friends on the Household Reporting of Arrears |
| title_full_unstemmed | The Effects of Relationship with Family and Friends on the Household Reporting of Arrears |
| title_short | The Effects of Relationship with Family and Friends on the Household Reporting of Arrears |
| title_sort | effects of relationship with family and friends on the household reporting of arrears |
| topic | English |
| url | https://eprints.nottingham.ac.uk/36642/ |