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

  • Myria Allen

    ()

  • Renee Edwards

    ()

  • Celia Hayhoe

    ()

  • Lauren Leach

    ()

Registered author(s):

    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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    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
    Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=104904

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    1. 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.
    2. 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.
    3. Gary S. Becker, 1974. "A Theory of Marriage: Part II," NBER Chapters, in: Marriage, Family, Human Capital, and Fertility, pages 11-26 National Bureau of Economic Research, Inc.
    4. Lundberg, S. & Pollak, R.A., 1991. "Separate Spheres Bargaining and the Marriage Market," Working Papers 91-08, University of Washington, Department of Economics.
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