Buying behavior, social support and credit card indebtedness of college students

By Jianfeng Wang, Jing Jian Xiao. 2009

174 citations recorded by the source corpus.

This research examines three factors that are associated with college students' credit card indebtedness. Using survey data, we find that college students' buying patterns and social networks affect their credit card indebtedness. Specifically, students with a tendency towards compulsive buying are more likely and those with greater social support are less likely to hold credit card debts. Depth interview data further illustrate the contexts and causes of overusing credit cards as well as solutions for their debt problem. This research sheds light on reasons why college students fall into credit card debt and suggests strategies for helping them use credit cards wisely.

Subfields: Accounting, Economics and Econometrics, Marketing

View Paper: https://www.semanticscholar.org/paper/2d2413b106c9c6bc8f3bef831199293446e01509

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1. B. Burchell
2. G. Shapiro
3. Margaret E. Heffernan

Citations in the corpus

• Measuring Financial Anxiety (2012, background): “The combined result is that individuals find themselves in substantial debt that can leave them seriously indebted for years, situated in a “debt cycle” (Beal & Delphachitra, 2003; Wang & Xiao, 2009).”