The impact of money attitudes and global life satisfaction on the maladaptive pursuit of consumption

Richard J. Harnish, K. Robert Bridges, Rajan Nataraajan, Joshua T. Gump, Alicia E. Carson

Research output: Contribution to journalArticle

6 Scopus citations

Abstract

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.

Original languageEnglish (US)
Pages (from-to)189-196
Number of pages8
JournalPsychology and Marketing
Volume35
Issue number3
DOIs
StatePublished - Mar 2018

All Science Journal Classification (ASJC) codes

  • Applied Psychology
  • Marketing

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