Many sides of the coin: The psychology of money usage

doi:10.1016/0191-8869(84)90025-4

Personality and Individual Differences

Volume 5, Issue 5, 1984, Pages 501-509

https://doi.org/10.1016/0191-8869(84)90025-4 Get rights and content

Abstract

The aim of this study was to investigate the relationship between various demographic and social belief variables, and people's attitudes to, and habits of, money usage. Over 250 people from a variety of different backgrounds completed a number of standardized questionnaires, as well as two questionnaires on money. A factor analysis of the Money Beliefs and Behaviour Scale revealed six clearly interpretable factors, which were later computed into six subscale scores. Analysis of variance showed that age, education and Protestant Work Ethic beliefs most differentiated Ss' attitudes to money. A canonical correlational analysis revealed three significant variates. There were also a few interesting differences in how Ss viewed the way in which they treated money in the past and in how they expected to do so in the future. The results are discussed in terms of previous literature in the field, and suggestions for further research are considered.

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Many sides of the coin: The psychology of money usage

Abstract

J. econ. Psychol.

Person. individ. Diff.

J. econ. Psychol.

J. econ. Psychol.

The Token Economy

The drive to amass wealth

The Protestant Work Ethic and attitudes towards unemployment

J. occup. Psychol.

Value systems and anomie in three cultures

Int. J. Psychol.

Pocket Money: a study of economic education

Br. J. dev. Psychol.

Money Madness: The Psychology of Saving, Spending, Loving and Hating Money

The construction of economic reality by some Glaswegian children

Eur. J. soc. Psychol.

The psychology and economics of demand

Psychol. Bull.