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Household financialization – sense and scale of this phenomenon on the example of poland

Author

Listed:
  • Kata Ryszard

    (University of Rzeszow, Faculty of Economics)

  • Chmiel Justyna

    (University of Rzeszow, Faculty of Economics)

Abstract

The subject of the study is the phenomenon of household financialization. In the first part of the article a sense of this situation and its influence on the different functioning areas of the households (income, expenses, financial decisions) is described. What is more, the positive and negative effects of this process for the households’ financial stability were defined. The next part of the article contains an analysis of the households financialization processes in Poland in the years 2005-2015. On the side of household savings, the analysis included the level and the structure of financial assets. The second area of evaluation of the household financialization processes was bank debt analysis, including mortgage debt. In the elaboration comparative analysis was used, which means that Polish household structure of financial assets and the level of debt were compared to the European Union countries.

Suggested Citation

  • Kata Ryszard & Chmiel Justyna, 2017. "Household financialization – sense and scale of this phenomenon on the example of poland," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 13(2), pages 62-74, December.
    • Handle: RePEc:vrs:finiqu:v:13:y:2017:i:2:p:62-74:n:6
    DOI: 10.1515/fiqf-2016-0023
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    References listed on IDEAS

    as
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    3. Edward N. Wolff, 2010. "Recent Trends in Household Wealth in the United States-- Rising Debt and the Middle-Class Squeeze--An Update to 2007," Economics Working Paper Archive wp_589, Levy Economics Institute.
    4. Keese, Matthias, 2010. "Who Feels Constrained by High Debt Burdens? – Subjective vs. Objective Measures of Household Indebtedness," Ruhr Economic Papers 169, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    5. Alan Greenspan & James Kennedy, 2008. "Sources and uses of equity extracted from homes," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 24(1), pages 120-144, spring.
    6. Krzysztof Waliszewski, 2016. "Financialization Of The Economy And The Need For Personal Finance Advisory Services," "e-Finanse", University of Information Technology and Management, Institute of Financial Research and Analysis, vol. 12(2), pages 13-23, October.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    households financializaton; financial assets; bank loans;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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