We presented at the Boulder Summer Conference on Consumer Financial Decision Making, a meeting devoted to interdisciplinary work about understanding and improving household and consumer financial decision making. Participants included financial regulators, academic scientists, nonprofit leaders, and private sector experts.
Total US consumer indebtedness is $11.3 trillion and one in seven consumers has an account in collections. Nevertheless, very little psychological or mechanistic data exist concerning financially stressed consumers, despite growing interest by policy makers, business leaders, and researchers. Building on our previous work, we presented additional data contrasting prime and subprime consumers across a broad range of individual difference measures.