Could financial trouble be avoided by cooking at home? An analysis of checking account records
by Franziska Willenbuecher; Marc Anthony Fusaro
International Journal of Services, Economics and Management (IJSEM), Vol. 10, No. 3, 2019

Abstract: While the pricing of fast food and the social implications of the payday loan industry have been investigated individually, this study answers the question whether a cycle of debt could be avoided by cooking at home. While no statistical correlation between food spending and loan amounts was found, the results show that households could have saved on average 36.14% of the average loan amount, had they omitted fast food and restaurant meals for 30 days. Specifically, more than 23% of households could have saved 30% or more while almost 9% could have saved 70% or more of their loan amount if they had cooked at home. The findings of this research demonstrate that fast food, and food spending in general, are part of a larger spending pattern that could best be addressed through financial literacy curricula and public policy in the area of payday loans.

Online publication date: Mon, 21-Oct-2019

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Services, Economics and Management (IJSEM):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com