Personality Factors, Money Attitudes, Financial Knowledge, and Credit‐Card Debt in College Students1

Jill M. Norvilitis · Michelle M. Merwin · Timothy M. Osberg · Patricia Vincent Roehling · Michele M. Kamas

484 citations0/0 files storedJournal of Applied Social Psychology

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Financial Literacy, Pension, Retirement Analysis Higher Education Research Studies Financial Literacy and Behavior

Abstract

The issue of credit‐card debt among college students has received increasing attention. This study explored factors hypothesized to be causes and effects of credit‐card debt in 448 students on five college campuses. Students reported an average of $1,035 (SD=$1,849) in debt, including students without credit cards or credit‐card debt. Lack of financial knowledge, age, number of credit cards, delay of gratification, and attitudes toward credit‐card use were related to debt. Sensation seeking, materialism, the Student Attitude Toward Debt scale, gender, and grade point average were not unique predictors of debt. Students reporting greater debt reported greater stress and decreased financial well being. Results highlight the need for comprehensive financial literacy education among college students.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 484 citations exist upstream.

References

1995The structure of negative emotional states: Comparison of the Depression Anxiety Stress Scales (DASS) with the Beck Depression and Anxiety Inventories 1980Unrealistic optimism about future life events.1992A Consumer Values Orientation for Materialism and Its Measurement: Scale Development and Validation 2002Yielding to Temptation: Self‐Control Failure, Impulsive Purchasing, and Consumer Behavior 2002Will Money Increase Subjective Well-Being?1989Compulsive Buying: A Phenomenological Exploration 1992A Clinical Screener for Compulsive Buying 2001Money Attitudes, Credit Card Use, and Compulsive Buying among American College Students

Cited by

2013College students and financial distress: exploring debt, financial satisfaction, and financial anxiety 2012The relationship of materialism to debt and financial well-being: The case of Iceland’s perceived prosperity 2012Adolescents’ financial literacy: The role of financial socialization agents, financial experiences, and money attitudes in shaping financial literacy among South Korean youth 2009The role of parents in college students’ financial behaviors and attitudes

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.