Thorp, Susan; Liu, Junhao; Agnew, Julie; Bateman, Hazel; … - In: Journal of financial literacy and wellbeing : FLW 1 (2023) 1, pp. 47-78
survey to test borrowers' comfort with, and understanding of, mortgage debt. We analyze the impact of financial literacy … them to choose a suitable mortgage. Results show that participants with high financial literacy are less comfortable with … mortgage debt in general and also less sensitive to framing than those with low financial literacy. Literate participants are …