Does U.S. Household Financial Access Mediate the Relationship Between a Large Income Drop and Credit Record?

  • J. BirkenmaierEmail author
  • Q. Fu
Original Paper


Household financial access, in the form of savings, investments, credit, and others, can provide the means to smooth consumption and make on-time payments when large income drops occur. This study examined the model in which household financial access mediated the association between a large income drop and credit record in a national representative sample. Results indicate that household financial access was significantly associated with a large income drop after controlling for financial education, socialization, knowledge, and sociodemographic variables. Results suggest that household financial access may buffer the relationship. Practice and policy implications are included.


Household financial access Large income drop Credit report Credit record Bank account 



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© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.College for Public Health and Social JusticeSaint Louis University School of Social WorkSt LouisUSA
  2. 2.College for Public Health and Social JusticeSaint Louis University School of Public HealthSt LouisUSA

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