The purpose of the current study was to explore differences between a group of self-reported compulsive spenders (n = 43) and a group of 'normal' consumers (n = 100) on their self-esteem and on their money attitudes. Rosenberg's Self-Esteem Scale and Furnham's Money Beliefs and Behavior Scale were used to measure the variables of interest. Hotelling's T2 and discriminant function analysis were performed on these variables to determine differences between the two groups of consumers. Findings support the theoretical model that compulsive spenders have relatively lower self-esteem than 'normal' consumers and that compulsive spenders have beliefs about money which reflect its symbolic ability to enhance self-esteem.
ASJC Scopus subject areas
- Applied Psychology
- Sociology and Political Science
- Economics and Econometrics