How Mortgage Rates Affect Personal Savings Rates in the U.S.

Authors

Mason Jones, Fort Hays State UniversityFollow

Classification

Empirical Undergraduate

Abstract

Currently in the United States, we are experiencing a significant increase in mortgage interest rates. While there are various factors that influence mortgage rates, high mortgage rates have an effect on the economy. Specifically, how mortgage rates affect one’s ability to save money. In this study, I asked how mortgage rates affect the personal savings, while accounting for the NASDAQ 100 and the participation of women in the labor force. The results of the regression suggest that when mortgage rates increase, savings rates will also increase.

Faculty Advisor

Dr. Sam Schreyer

Department/Program

Economics, Finance, & Accounting

Submission Type

in-person poster

DOI

10.58809/MVNI3159

Date

4-17-2023

Rights

Copyright the Author(s)

Comments

For questions contact ScholarsRepository@fhsu.edu

Recommended Citation

Jones, Mason (2023) "How Mortgage Rates Affect Personal Savings Rates in the U.S.," SACAD: John Heinrichs Scholarly and Creative Activity Days: Vol. 2023, Article 83.
DOI: 10.58809/MVNI3159
Available at: https://scholars.fhsu.edu/sacad/vol2023/iss2023/83