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Imagined interactions, family money management patterns and coalitions, and attitudes toward money and credit

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Author Info

  • Myria Allen

    ()

  • Renee Edwards

    ()

  • Celia Hayhoe

    ()

  • Lauren Leach

    ()

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    Abstract

    This study explores the imagined interactions college students have with their parents about money and credit, their attitudes toward credit and money, the ways they say their parents deal with financial decisions, and the communication coalitions regarding finances they perceive existing within their family. Students’ imagined interaction pleasantness is greatest when parents jointly form a plan for paying off credit card debt and lowest when parents argue. When family coalitions exist, students report more frequent imagined interactions. Imagined interaction frequency and pleasantness are related to credit and money attitudes. Copyright Springer Science+Business Media, LLC 2007

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    File URL: http://hdl.handle.net/10.1007/s10834-006-9048-1
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    Bibliographic Info

    Article provided by Springer in its journal Journal of Family and Economic Issues.

    Volume (Year): 28 (2007)
    Issue (Month): 1 (March)
    Pages: 3-22

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    Handle: RePEc:kap:jfamec:v:28:y:2007:i:1:p:3-22

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    Web page: http://www.springerlink.com/link.asp?id=104904

    Related research

    Keywords: Credit cards; Family differentiation; Imagined interactions; Money management patterns; Parent–teen communication;

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    1. Becker, Gary S, 1974. "A Theory of Marriage: Part II," Journal of Political Economy, University of Chicago Press, vol. 82(2), pages S11-S26, Part II, .
    2. Lundberg, S. & Pollak, R.A., 1991. "Separate Spheres Bargaining and the Marriage Market," Working Papers 91-08, University of Washington, Department of Economics.
    3. 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.
    4. Moschis, George P, 1985. " The Role of Family Communication in Consumer Socialization of Children and Adolescents," Journal of Consumer Research, University of Chicago Press, vol. 11(4), pages 898-913, March.
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    Cited by:
    1. Adam Hancock & Bryce Jorgensen & Melvin Swanson, 2013. "College Students and Credit Card Use: The Role of Parents, Work Experience, Financial Knowledge, and Credit Card Attitudes," Journal of Family and Economic Issues, Springer, vol. 34(4), pages 369-381, December.

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