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College Students’ Attitudes towards Credit Card Debt & Savings

Sharp, Deborah Marie
http://rave.ohiolink.edu/etdc/view?acc_num=osu1268156217

Abstract Details

2010, Master of Science, Ohio State University, Family Resource Management.
The housing boom that peaked in 2005 and began its decline in early 2006 continues to have far reaching effects four years later in the credit card industry, on unemployment rates, and on many other aspects of the economy. The current economic recession has changed the way people spend, save, and look at money. The teenagers that experienced these rocky economic times are now 18 and older and are starting their own independent financial lives. So what influences the spending and savings behaviors of college students today? The present study was a small exploratory experiment that investigated (1) whether college students’ attitudes had an influence on their financial behaviors and (2) alternative measures of financial attitudes. Attitudes were assessed using self-reported measures and implicit measures (the personalized Implicit Association Test and subliminal priming). Credit card behaviors and savings behaviors were assessed, and financial knowledge was measured. The results for savings revealed that the self-report measure provided a stronger association with savings behaviors than the implicit measures. For debt, the results were less clear. Financial knowledge correlated more strongly with debt behaviors than any attitudinal measure. Higher financial knowledge was associated with having a savings account for a longer period of time. The empirical results from this study suggest that attitudes and financial knowledge are associated with financial behaviors.
Catherine Montalto (Advisor)
Jonathan Fox (Committee Member)
Caezilia Loibl (Committee Member)
118 p.
Finance; Psychology
Credit Card Debt; Credit Cards; Savings; Financial Knowledge; Financial Literacy; Debt Attitudes; Savings Attitudes; Money Attitudes; College

Recommended Citations

Citations

  • Sharp, D. M. (2010). College Students’ Attitudes towards Credit Card Debt & Savings [Master's thesis, Ohio State University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=osu1268156217

    APA Style (7th edition)

  • Sharp, Deborah. College Students’ Attitudes towards Credit Card Debt & Savings. 2010. Ohio State University, Master's thesis. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=osu1268156217.

    MLA Style (8th edition)

  • Sharp, Deborah. "College Students’ Attitudes towards Credit Card Debt & Savings." Master's thesis, Ohio State University, 2010. http://rave.ohiolink.edu/etdc/view?acc_num=osu1268156217

    Chicago Manual of Style (17th edition)

osu1268156217
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© 2010, all rights reserved.
This open access ETD is published by The Ohio State University and OhioLINK.