Money Attitudes, Credit Card Use, and Compulsive Buying among American College Students.

By James A. Roberts, Eli Jones. 2001

717 citations recorded by the source corpus.

The consumer culture has evolved into one of the most powerful forces shaping individuals and societies (Roberts and Sepulveda 1999 a, b). The desire to become a member of the consumer culture appears to be universal (Droge and Mackoy 1995). Changing attitudes toward money are an important catalyst behind the spread of the consumer culture. Money is important—especially to American college students who have been raised in a credit card society where debt is used freely (Ritzer 1995). Schor (1998) believes that access to easy credit is one of the causes of overspending. Using a causal modeling approach, the present study investigated the role money attitudes and credit card use play in compulsive buying within a sample of American college students (see Figure 1). Findings suggest that the money attitudes powerprestige, distrust, and anxiety (Yamauchi and Templer 1982) are closely related to compulsive buying and that credit card use often moderates these relationships. Study results have important public policy, marketing, and research implications.

Subfields: Marketing

View Paper: https://www.semanticscholar.org/paper/9cf9e24070b8c603796aa2fe0f2abbd02a01a3f8

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Citations in the corpus

Personal Goals and Their Role in Consumer Behavior: The Case of Compulsive Buying (2004, background): “( 1 997), and Roberts et al. (2003) who found that materialism, similar to the extrinsic goal of financial suc ss, was an outcome of the stress created by family disru tion.”
Effect of Personal Financial Knowledge on College Students’ Credit Card Behavior (2009, methodology): “Following the example of Roberts and Jones (2001), Yamauchi and Templer’s (1982) timeretention dimension was not used in this study since the sample was limited to college students.”
Feeling The Urge: Affect in Impulsive and Compulsive Buying (2012, background): “…to traitlike characteristics and abnormal buying suggests that habits specifically related to impulsive and compulsive behaviors form at a young age and are well established in college-age samples (Joireman, Kees, and Sprott 2010; Rindfleish, Burroughs, and Denton 1997; Roberts and Jones 2001).”
The panic buying behavior of consumers during the COVID-19 pandemic: Examining the influences of uncertainty, perceptions of severity, perceptions of scarcity, and anxiety (2021, background): “In addition, it has been found that compulsive buying results from stress (Roberts and Jones, 2001), anxiety (Koran et al., 2006), as well as pleasure and excitement (Trotzke et al., 2015).”
Financial Literacy Among the Young: Evidence and Implications for Consumer Policy (2009, neutral): “There are other potentially costly consequences of accumulating high levels of debt early on, such as bankruptcy (Roberts and Jones 2001).”
Use of inoculation to foster resistance to credit card marketing targeting college students (2004, background): ““College students today have been raised in a culture where spending is revered and saving eschewed” (Roberts & Jones, 2001, p. 235).”
Financial Literacy among the Young (2010, neutral): “There are other potentially costly consequences of accumulating high levels of debt early on, such as bankruptcy (Roberts and Jones 2001).”