Credit Cards Held by College Students

Attitudes toward credit, money beliefs and behavior, and imagined conversations with parents about credit and debt were found to differ between students with credit cards and those without. Credit attitudes, the money attitudes of independence, power, and inadequacy, and the frequency and pleasantne...

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Bibliographic Details
Published inFinancial counseling and planning Vol. 16; no. 1; p. 1
Main Authors Hayhoe, Celia Ray, Leach, Lauren, Allen, Myria W, Edwards, Renee
Format Journal Article
LanguageEnglish
Published New York Springer Nature B.V 01.01.2005
Subjects
Anxiety
Attitudes
Behavior
College students
Credit card industry
Credit cards
Polls & surveys
Power
Regression analysis
Retention
Student attitudes
Student debt
Student loans
Studies
Undergraduate Students
Verbal communication
United States > US
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Summary:Attitudes toward credit, money beliefs and behavior, and imagined conversations with parents about credit and debt were found to differ between students with credit cards and those without. Credit attitudes, the money attitudes of independence, power, and inadequacy, and the frequency and pleasantness of imagined interactions were shown to distinguish between students with credit cards and those without. All three credit attitudes and the money attitudes of obsession and retention distinguished between students with four or more credit cards and students with one through three credit cards. Ordered logistic regression was used to model students with four or more credit cards. Nine variables were significant: the affective and behavioral credit attitudes, the retention money attitude, the frequency of imagined interactions, age, ethnicity, having had instruction in personal finance, year in college, and whether they had a student loan. [PUBLICATION ABSTRACT]
ISSN:1052-3073