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The impact of money attitudes and global life satisfaction on the maladaptive pursuit of consumption
Author(s) -
Harnish Richard J.,
Bridges K. Robert,
Nataraajan Rajan,
Gump Joshua T,
Carson Alicia E.
Publication year - 2018
Publication title -
psychology and marketing
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.035
H-Index - 116
eISSN - 1520-6793
pISSN - 0742-6046
DOI - 10.1002/mar.21079
Subject(s) - scale (ratio) , purchasing , psychology , consumption (sociology) , life satisfaction , sample (material) , social psychology , money management , marketing , economics , finance , business , sociology , social science , chemistry , physics , chromatography , quantum mechanics
The goal of this research was to examine how money attitudes and global life satisfaction relate to and predict compulsive buying among young adults. Using a Prolific Academic sample, 265 adults between the ages 18 and 25 completed the Money Attitudes Scale, Money Ethics Scale, Spendthrift‐Tightwad Scale, Satisfaction with Life Scale, and the Richmond Compulsive‐Buying Scale. As expected, motives toward saving and spending money as assessed by the Money Attitude Scale and pain of paying as assessed by the Spendthrift‐Tightwad Scale were correlated and predicted compulsive buying. However, these findings are qualified by an interaction effect such that those who held negative attitudes toward saving money and experienced little pain of paying were compulsive buyers. Theoretical and practical implications for maladaptive purchasing behavior among young adults are discussed.