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2022 Annual Conference

May 19–21, 2022

Sheraton Sand Key, Clearwater Beach, FL, US

Proposal authors can use this tool to see where they have been placed in the program agenda for an Oral or Poster Session.

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Confirm your place in the schedule by going to the ACCI Presenter Confirm Google Sheet and marking your session with the name and email address of the author who will be attending and presenting. Each presentation must have a separate paid registraint. Contact the ACCI Office immedicately by email at admin@consumerinterests.org to report a conflict or if you have questions. Please be sure to reference the session title(s), date(s), and time(s) if you contact us.

G3c Materialism and Use of Credit Cards: The Mediation Effects of the Theory of Planned Behavior Constructs

Saturday, May 21, 2022 at 10:30 AM–12:00 PM EDT
Room 3
Key Words

materialism, credit cards, theory of planned behavior

Short Description

Materialism is commonly defined by three constitutive values: success, centrality, and happiness (Richins &Dawson, 1992; Tybout & Artz, 1994). Success element says that succeeding in life requires the ownership of material goods. Centrality element indicates that the possession of material goods is the central goal of a person's life. Happiness element implies that the acquisition of material goods can bring about an individual's well-being. In general, materialism is a good indicator of people's desires, decisions, well-being, and social behavior (Richins & Dawson, 1992). Consumers of view credit cards as a way of meeting their materialistic wants through spending, rather than using it as an instrument of borrowing for smoothing out temporary cashflow imbalances within their household finances. Many consumers think credit cards are facilitators for the aspirational, but otherwise unaffordable, lifestyles they wish to attain (Bernthal, Crockett, & Rose, 2005). Prior empirical work suggests that many consumers feel it is easier to use credit cards than spend existing savings. Consumers think that using their credit cards to pay for expenses is a more responsible choice than withdrawing money from their savings accounts (Sussman & O'Brien, 2016).

Submitter

Zongze Li, University of Georgia

Authors

Zongze Li, University of Georgia
Swarn Chatterjee, University of Georgia
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