This event is both online and in person

SAL 3.05, 3rd Floor Conference Room, Sir Arthur Lewis Building, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH

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About this event

This seminar focuses on research which investigates the relationship between economic inequality and household borrowing using the UK's Wealth and Assets Survey data and granular, neighbourhood-level estimates of inequality. Using this unique data, it is evident that lower income households borrow more and are under greater financial distress, both objectively and subjectively, when local inequality is higher. There is evidence that this result is driven by the demand side - in line with social comparison theories of household spending and consumption behaviour, demand for credit is greater for lower income households in areas with greater inequality.