A Reinterpretation of Path-Dependence for the Case of Debt Behavior

The paper provides an analytical comparison of debt attitudes and behaviors for adult and student samples. For the first category, the data was obtained from a population survey representative at country level (Romania), while for the second case we have collected student data within the biggest university in Bucharest (University of Bucharest). The goal was to assess the degree of similarity between the groups and to establish the feasibility of a certain debt path in the structure of the observed aggregate financial behavior. At this first exploratory level of the research, the results indicate strong positive associations between groups, opening the floor for early-stage (during the studentship period) projects aimed at building a better financial wellbeing state.