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Boulder, Colo. — UNC Center for Community Capital researchers presented findings on how low-income mortgage borrowers are coping with the financial crisis today (June 28) at the Boulder Summer Conference on Consumer Financial Decision Making.

Center associate director Janneke Ratcliffe, research associate Kim Manturuk and senior research economist Sarah Riley outlined key findings from their new paper, “Homeownership, Low-Income Households, and Financial Stress.” It examines the responses of lower-income homeowners to the crisis, such as how they are coping and how homeownership affects their psychological outlook during the economic downturn.

The Boulder conference brings together researchers in a range of fields who work on problems related to consumer financial decision making. Basic research in judgment and decision making, psychology, consumer research, behavioral finance and behavioral economics can inform the understanding of how consumers make such decisions and how they may be supported in making better decisions by innovations in public policy and in business and consumer education.

The Boulder conference is co-sponsored by the Center for Research on Consumer Financial Decision Making at the University of Colorado and by the Leeds School of Business.

Homeownership finance research is a key area of focus for the UNC Center for Community Capital, the leading center for research and policy analysis on the transformative power of capital on households and communities in the United States. The center is part of the College of Arts and Sciences at the University of North Carolina at Chapel Hill. Its in-depth analyses help policymakers, advocates and the private sector find sustainable ways to expand economic opportunity to more people, more effectively. For more information, visit or call (919) 843-2140.

Topics(s): Affordable Homeownership, Default, Bankruptcy, & Foreclosure
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