Money attitudes, credit card and compulsive buying behaviour: a study on Indian consumers

Purpose – The purpose of this study is to assess the moderating and mediating roles of credit card usage in the relationship between money attitudes (i.e. power-prestige, retention-time, distrust and anxiety) and compulsive buying behaviour. Design/methodology/approach – The research design comprised a cross-sectional survey and two focus-group interviews. A structured questionnaire was completed by 365 young credit card users in São Paulo in Brazil, and two focus group discussions were conducted comprising six participants each. Findings – Results showed that misuse of credit cards significantly increased compulsive buying among individuals with high levels of anxiety. Credit card usage partially mediates the relationship between compulsive buying and three variables established in the literature: power-prestige, retention-time and anxiety. Credit card usage did not significantly mediate the effect of distrust (or price sensitivity) on compulsive buying behaviour. Respondents’ price sensitivity did not by itself reduce levels of usage, though it did have an effect on overspending in conjunction with the other factors studied. The key themes that emerged from the focus-group interviews enhanced the survey’s results with greater in-depth understanding. Originality/value – This study was the first to compare the moderating and mediating effects among the four elements of money attitudes and compulsive buying behaviour. It addresses the issue of financial literacy, money management and overspending – a special concern for today’s emerging economies – in a Brazil, Russia, India and China (BRIC) country.

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Compulsive buying among young adults: a behavioural segmentation

Young Consumers Insight and Ideas for Responsible Marketers ◽

10.1108/yc-02-2019-0958 ◽

2019 ◽

Vol 21 (1) ◽

pp. 57-76 ◽

Cited By ~ 1

Author(s):

Agata Maccarrone-Eaglen ◽

Peter Schofield

Keyword(s):

Credit Card ◽

Structural Equation ◽

Compulsive Buying ◽

Temporal Dimension ◽

Content Type ◽

Wide Range ◽

Compulsive Behaviour ◽

Product Preferences ◽

Buying Behaviour ◽

The Impact

Purpose The purpose of this study is to re-examine the characteristics of compulsive buying behaviour (CBB) based on a new improved screener. The study analyses young compulsive buyer attitudes, decision-making, product preferences, the impact of credit card use and post-purchase perspectives in relation to CBB severity. Design/methodology/approach The study takes a quantitative approach to the analysis of compulsive behaviour among young consumers, using data from a questionnaire survey and a large sample. A wide range of statistical procedures and structural equation modelling are used in the analysis. Findings The segmentation of compulsive buyers, on the basis of disorder severity, provides important insights into the asymmetrical between-group variation in anxiety levels, product preferences, feelings, attitudes and credit card impact and the within-group variability in daily compulsivity patterns and associated shopping behaviour. Research limitations/implications Although the overall used sample size is large, the subdivision of compulsive consumers into mild and severe categories resulted in a relatively small group of severely compulsive buyers; hence, further research is recommended to corroborate the findings from this study. In addition, this research does not address the disorder’s temporal dimension; therefore, future longitudinal studies should be undertaken to analyse the progression and characteristics of the disorder over time. Practical implications The significant differences between mild compulsive buyers and severely compulsive buyers make a significant contribution to counselling practitioners because of the different levels of support that should be offered in relation to the severity of the condition. Originality/value The study compares non-compulsive behaviour with occasionally compulsive, mildly compulsive and severely compulsive consumers using an improved screening tool. It identifies critical criteria that distinguish between mild and severe forms of the disorder, which have hitherto been neglected, yet represent key diagnostic and predictive factors, which can inform both early intervention and our understanding of CBB and its complexity.

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The role of time preference and credit card usage in compulsive buying behaviour

International Journal of Consumer Studies ◽

10.1111/j.1470-6431.2008.00678.x ◽

2008 ◽

Vol 32 (3) ◽

pp. 269-275 ◽

Cited By ~ 51

Author(s):

Pamela S. Norum

Keyword(s):

Credit Card ◽

Time Preference ◽

Compulsive Buying ◽

Buying Behaviour ◽

Credit Card Usage

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Compulsive Buying Behaviour of Credit Card Users and Affecting Factors Such as Financial Knowledge, Prestige and Retention Time: A Cross-sectional Research

Vision The Journal of Business Perspective ◽

10.1177/0972262920981428 ◽

2021 ◽

pp. 097226292098142

Author(s):

Rahul Khandelwal ◽

Ashutosh Kolte ◽

Nitin Veer ◽

Pratik Sharma

Keyword(s):

Retention Time ◽

Financial Stability ◽

Credit Card ◽

Compulsive Buying ◽

Financial Knowledge ◽

Affecting Factors ◽

Cross Sectional ◽

Credit Card Market ◽

Buying Behaviour ◽

Credit Card Usage

A leading concern in client and vender relations is that the rising new situation of influence deploying of the credit card market. This situation is accountable for compulsive buying, which has disapprovingly exaggerated consumers, leading to impossible debt levels. Financial counsellors search for why and how individuals get themselves into financial debt. Compulsive buying behaviour and credit card could have a powerful effect on consumers’ financial stability. Further, in place of comprehending credit card usage and compulsive buying, this study correlates them with wealth attitudes such as power-prestige, financial knowledge and retention time. A cross-sectional descriptive research design using convenience sampling and non-probability sampling with quota samples of 313 credit cardholders was surveyed. The outcome showed that those with power-prestige money attitudes are likely to have free usage of credit cards through compulsive spending. Results also showed that those with a higher financial understanding have lower compulsive spending off the credit card.

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