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Credit as a tool of the upper classes

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No. 20 (2025): ES

Abstract

This study examines how debt is a reflection of social inequalities in Chile, analyzing its relationship with social classes and socioeconomic strata. Using data from the 2021 Household Financial Survey (EFH 2021), a linear and logistic regression model is applied to analyze the relationship between the financial burden of Chilean fa- milies and their position in the social structure. The results show that the upper class exhibits the highest level of proportional indebtedness, in contrast to the middle and lower classes. These findings challenge previous studies that suggest the middle class is the most indebted. This work contributes to the debate on the relationship between social class and indebtedness, suggesting that credit not only reflects but also reproduces social stratification.

Keywords:

Indebtedness , Social class , EGP , Over-indebtedness , Financial strain
How to Cite
Aguayo, I., Monasterio, D., & Carvajal, F. (2025). Credit as a tool of the upper classes: Indebtedness and social stratification in Chile. Revista Némesis, (20). Retrieved from https://revistanemesis.uchile.cl/index.php/RN/article/view/81678
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Revista Némesis
Facultad de Ciencias Sociales
Universidad de Chile
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