Financial difficulties and economic recession: Evidence from Canadian seniors

Autor:	Samir AMINE, Wilner PREDELUS
Jazyk:	angličtina
Rok vydání:	2023
Předmět:	seniors income asset debt recession Business HF5001-6182 Economic theory. Demography HB1-3840 Economics as a science HB71-74
Zdroj:	Theoretical and Applied Economics, Vol XXX, Iss 1, Pp 227-238 (2023)
Druh dokumentu:	article
ISSN:	1841-8678 1844-0029
Popis:	Pressured by financial difficulties and the relatively low income from participating in the labour market, many seniors become insolvent. In this article, we analyze the financial situation facing Canadian seniors who have accessed the insolvency system due to a deterioration in their socio-economic and financial conditions, particularly since the 2008 economic crisis. Using federal statistical data, we observed that seniors who used the insolvency system during the recession period were more indebted than those who accessed it before, and less indebted than those who accessed it after the recession.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/58b0165ffe2f4ffe96b1674b2f9e90f8 Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF