© 2019

Indebtedness in Early Adulthood

Causes and Remedies

  • Jeanette Carlsson Hauff
  • Tommy Gärling
  • Ted Lindblom
  • Provides an in-depth description of the increasing knowledge regarding negative consequences of young adults’ indebtedness and over-indebtedness, such as health problems

  • Examines the supply of young adults borrowing in Sweden with special focus on high-interest instant loans and more easily available types of credit

  • Addresses the impact on individual borrowing decisions of aggressive marketing, the role of consumption desires, and the importance of feelings of lack of financial resources

  • Discusses the roles of legislation and the various tools available to legislators to dampen young adults’ indebtedness


Table of contents

  1. Front Matter
    Pages i-xvii
  2. Introduction to Young Adults’ Indebtedness

    1. Front Matter
      Pages 1-1
    2. Jeanette Carlsson Hauff, Tommy Gärling, Ted Lindblom
      Pages 3-20
    3. Viktor Elliot, Ted Lindblom
      Pages 21-48
    4. Jeanette Carlsson Hauff, Ted Lindblom, Jonas Nilsson
      Pages 49-61
  3. Psychological Factors Explaining Young Adults’ Indebtedness

    1. Front Matter
      Pages 63-63
    2. Amelie Gamble, Tommy Gärling, Patrik Michaelsen
      Pages 65-87
    3. Amelie Gamble, Tommy Gärling, Patrik Michaelsen
      Pages 89-108
  4. Financial Information and Young Adults’ Borrowing Decisions

    1. Front Matter
      Pages 109-109
    2. Jonas Nilsson, Jeanette Carlsson Hauff
      Pages 111-128
    3. Anders Carlander, Jeanette Carlsson Hauff
      Pages 129-149
  5. Legislator Tools and Possibilities for Healthy Lending

    1. Front Matter
      Pages 151-151
    2. Viktor Elliot, Ted Lindblom
      Pages 153-175
  6. Back Matter
    Pages 177-187

About this book


This book reviews problems with credit use and causes of indebtedness among young adults, while uncovering possibilities to encourage a healthier attitude towards loans in this segment of the population. Both consumption loans and mortgages are covered in order to adequately represent real-world credit use by young people about to enter adulthood. It focuses on three distinctive actors: the legislative authorities, the financial institution, most commonly a bank, and finally the individual borrower. More specifically, the book discusses the functioning of these three entities in the context of young adults borrowing behaviour, and would appeal to academics, researchers and students of financial institutions and banking.


Household indebtedness Debt Loan market Loans financial literacy financial scarcity borrowing financial regulation credit card debt

Editors and affiliations

  • Jeanette Carlsson Hauff
    • 1
  • Tommy Gärling
    • 2
  • Ted Lindblom
    • 3
  1. 1.School of Business, Economics and LawUniversity of GothenburgGöteborgSweden
  2. 2.School of Business, Economics and LawUniversity of GothenburgGöteborgSweden
  3. 3.School of Business, Economics and LawUniversity of GothenburgGöteborgSweden

About the editors

Jeanette Carlsson Hauff received a PhD from the University of Gothenburg, Sweden, and is now an Assistant Professor at the same university. Her research focuses on consumer behaviour and financial services and she has been published in peer-reviewed international journals (such as European Journal of Marketing) and book chapters.

Tommy Gärling was the endowed professor of psychology at University of Gothenburg, Sweden from 1992 to 2006. He is a fellow of the International Association of Applied Psychology (divisions of economic psychology, environmental psychology, traffic and transportation psychology) and was president of the environmental psychology division from 1998 to 2002.

Ted Lindblom is Professor at the Department of Business Administration at the School of Business, Economics and Law, at the University of Gothenburg, Sweden. His current research mainly concerns industrial and financial management with particular focus on corporate finance, investment and financial structure decisions, banking, risk and regulation.

Bibliographic information

  • Book Title Indebtedness in Early Adulthood
  • Book Subtitle Causes and Remedies
  • Editors Jeanette Carlsson Hauff
    Tommy Gärling
    Ted Lindblom
  • DOI
  • Copyright Information The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2019
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance Economics and Finance (R0)
  • Hardcover ISBN 978-3-030-13995-7
  • Softcover ISBN 978-3-030-13998-8
  • eBook ISBN 978-3-030-13996-4
  • Edition Number 1
  • Number of Pages XVII, 187
  • Number of Illustrations 4 b/w illustrations, 5 illustrations in colour
  • Topics Banking
    Personal Finance/Wealth Management/Pension Planning
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking