Abstract:

The aim of the article was to show: (1) whether subjective assessments have an impact on the objective dimension of household debt and (2) whether the age of the head of a household differentiates the behavior of households in the area of debt. The study was conducted in four high-yield fractions of households. These fractions were distinguished based on the age of the head of the household. A relationship was found between subjective variables: Assessment of the level of satisfaction of current needs (S1),  Characteristics of household debt (S2) and Expected change in the financial situation of the household over the next 12 months (S3), and the level of debt. It was also established that the age of the head of the household is a factor differentiating the described phenomenon.