Attitudinal correlates and demographic predictors of monetary beliefs and behaviours

Abstract

Nearly 300 adults completed a six-part, 69-item questionnaire derived from Forman (1987) on attitudes to, and uses and abuses of money, which measured six aspects of ‘money madness’ and various other questionnaires concerned with economic values and beliefs as well as work-related behaviours. Subjects thus completed 231 items in a total of six questionnaires half of which had subscales. The results indicated that the money pathology subscales were positively intercorrelated and have weak to moderate internal reliability. Multiple stepwise regressions of demographic and attitudinal variables onto the various money subscales showed political beliefs and work values to be the most powerful predictors. Results are discussed in terms of the very limited literature in the area.

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