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

Author

Listed:
  • Myria Allen

    ()

  • Renee Edwards

    ()

  • Celia Hayhoe

    ()

  • Lauren Leach

    ()

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

Suggested Citation

  • Myria Allen & Renee Edwards & Celia Hayhoe & Lauren Leach, 2007. "Imagined interactions, family money management patterns and coalitions, and attitudes toward money and credit," Journal of Family and Economic Issues, Springer, vol. 28(1), pages 3-22, March.
  • Handle: RePEc:kap:jfamec:v:28:y:2007:i:1:p:3-22
    DOI: 10.1007/s10834-006-9048-1
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    File URL: http://hdl.handle.net/10.1007/s10834-006-9048-1
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    References listed on IDEAS

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    1. Lundberg, Shelly & Pollak, Robert A, 1993. "Separate Spheres Bargaining and the Marriage Market," Journal of Political Economy, University of Chicago Press, vol. 101(6), pages 988-1010, December.
    2. John, Deborah Roedder, 1999. " Consumer Socialization of Children: A Retrospective Look at Twenty-Five Years of Research," Journal of Consumer Research, Oxford University Press, vol. 26(3), pages 183-213, December.
    3. Becker, Gary S, 1974. "A Theory of Marriage: Part II," Journal of Political Economy, University of Chicago Press, vol. 82(2), pages 11-26, Part II, .
    4. Moschis, George P, 1985. " The Role of Family Communication in Consumer Socialization of Children and Adolescents," Journal of Consumer Research, Oxford University Press, vol. 11(4), pages 898-913, March.
    5. 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.
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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.
    2. Sonya L. Britt, 2016. "The Intergenerational Transference of Money Attitudes and Behaviors," Journal of Consumer Affairs, Wiley Blackwell, vol. 50(3), pages 539-556, November.
    3. repec:kap:jfamec:v:38:y:2017:i:2:d:10.1007_s10834-016-9505-4 is not listed on IDEAS

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