The reality of personal borrowing, its relation to social and economic variables of Saudi family

Abstract EN

To identify the reality of the personal loans of Saudi family, since the statistics of Saudi Arabian Monetary Agency has recently been monitored a rise in the percent of those who default on loans.

The research is based on an intended non-random sample of both genders(214) persons.

Main Results: 1- There was a statistically significant reverse correlation at the level of significance(0.01) between the personal loan questionnaire in its all axes with the following variables: (husband's and wife's level of education, husband's and wife's age, husband's and wife's profession, average of monthly income of the family).

this result showed that it has a negative impact on the social and economic level of Saudi family, this result achieves the main objective of the research.2- The priority of factors affecting personal loans were differed, the husband's age ranked first, followed by the number of family members, the wife's profession and finally the monthly income of the family.