My submission is geared towards analyzing household decisions on debt management and the influence of socioeconomic (income and educational level) and macroeconomic factors in this decision-making. Research has shown a rise in the debt portfolio of households in the U.S., and this paper seeks to analyze which of these variables households consider in managing their debt, such that initiatives can be taken to help households practice better management in terms of their debt accumulation and repayment. Using panel regression, I will analyze 10-year data from the Consumer Expenditure Survey and the National Financial Capability Study. The sample of this dataset and time period contains the variables and the different economic trends that will enable generalization of the findings of this study to similar populations._x000D_
