Attitudes to money in a random sample of adults: Factor analysis of the MAS and MBBS scales, and correlations with demographic variables
AbstractA factor analysis of the two major scales measuring attitudes toward money (Yamauchi and Templer's MAS, and Furnham's MBBS), using a random sample of 200 adults in a large Canadian city, showed the MAS to be remarkably invariant in its factor structure: power-prestige, planning-saving, frugality-distrust, and anxiety seem to be the four most important underlying dimensions of attitudes and reported behaviors. The MBBS did not replicate: the original factors did not emerge, and other analyses did not yield interpretable results. A factor analysis of items from the MAS and MBBS combined produced a reliable and meaningful four-factor solution nearly identical to the MAS scale. Correlations with age, sex, income, and education were mostly consistent with previous research: income was negatively correlated with frugality and anxiety, and positively related to planning. Age had the strongest correlations with the four factors.
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Bibliographic InfoArticle provided by Elsevier in its journal The Journal of Socio-Economics.
Volume (Year): 37 (2008)
Issue (Month): 5 (October)
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Web page: http://www.elsevier.com/locate/inca/620175
Attitudes Money Measurement;
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- Hanley, Alice & Wilhelm, Mari S., 1992. "Compulsive buying: An exploration into self-esteem and money attitudes," Journal of Economic Psychology, Elsevier, vol. 13(1), pages 5-18, March.
- Epley, Nicholas & Gneezy, Ayelet, 2007. "The framing of financial windfalls and implications for public policy," The Journal of Socio-Economics, Elsevier, vol. 36(1), pages 36-47, February.
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