We plan to study the importance of financial distress on household decisions. This question has been relatively understudied because of limited data availability on individual choices during periods of distress. We aim to fill this gap by using novel data from the PNC Center. There could be several channels through which distress might affect household decisions: consumers could alter their spending, consumption, or investment behavior. In this study, we will empirically examine these channels.

Matthew Denes

Jim Albertus