| dc.description.abstract | The fi rst edition of the book was published in 2008, during which American
consumers were experiencing the great recession (2007–2009). After 6 years,
the American economy is still recovering, and consumers are facing similar
fi nancial challenges, inadequate savings for long-term goals such as retirement,
and lack of control of various types of debts such as mortgages, credit
cards, and education loans. More research is needed to better understand consumer
fi nancial behaviors and provide professional assistance to economically
vulnerable consumers. During the past decade, in the USA and other
countries, the social movement of promoting consumer fi nancial literacy is
gradually transferring to promoting consumer fi nancial capability. Financial
capability implies that consumers need to possess adequate fi nancial knowledge
and perform desirable fi nancial behaviors to maintain and improve their
fi nancial well-being. In recent years, the research literature on consumer
fi nance has increased greatly because of these social trends. For this reason,
this new edition attempts to update research fi ndings and provide newly synthesized
information for consumer fi nance researchers and practitioners who
help consumers better manage their fi nances and enhance their fi nancial wellbeing.
This book will enrich the literature of economics, fi nance, business,
consumer science, family studies, human development, and related fi elds. | en_US |
