Credit Card Ownership Among American High School Seniors: 1997–2008

Scott, Robert H.

doi:10.1007/s10834-010-9182-7

Cited by 28 publications

(13 citation statements)

References 23 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…In contrast, Robb and Sharpe (2009) examined credit card among students and found that students with a higher level of financial knowledge also carried significant credit card debt. More importantly, a study among US high school seniors revealed that students who hold credit cards appeared to be less financially literate than students without credit cards (Scott, 2010).…”

Section: Introductionmentioning

confidence: 99%

Internet, consumer spending, and credit card balance: Evidence from US consumers

Basnet

Donou‐Adonsou

2016

Rev Financ Econ

View full text Add to dashboard Cite

Utilizing the 2013 Survey of Consumer Finances data, the present study aims to examine the role of the Internet in carrying a credit card balance among US households. The central question of this study is whether or not households with Internet access have more favorable attitudes toward incurring more credit card balance. This study further investigates whether education, income, gender, age, race, etc., make any differences in carrying credit card debt when households have access to the Internet. Our results with the Tobit model show that having access to the Internet increases the probability of carrying a positive credit card balance by 4% to 5% compared to those who do not have access to the Internet. This result does not apply to older Americans. Our results further indicate that education decreases the probability of carrying a positive credit balance for households that have access to the Internet, while income and liquid assets may have little positive effect on that probability. The results suggest that Internet leads to more debt, but education could alleviate that debt.

show abstract

Section: Introductionmentioning

confidence: 99%

Internet, consumer spending, and credit card balance: Evidence from US consumers

Basnet

Donou‐Adonsou

2016

Rev Financ Econ

View full text Add to dashboard Cite

show abstract

“…Theoretically, individuals' understanding of financial markets and instruments should directly impact subsequent market behaviors and decisions. In general, the literature has borne this out, noting strong associations between knowledge and effective money management (Babiarz & Robb, 2013;Collins, 2007;Haynes-Bordas, Kiss, & Yilmazer, 2008;Hilgert, Hogarth, & Beverly, 2003;Lusardi & Mitchell, 2011;Robb, 2011;Robb & Woodyard, 2011;Scott, 2010). In many of these studies, greater levels of financial knowledge were associated with more positive financial behaviors, such as having emergency 1 † Kansas State University cliffrobb@ksu.edu 2 University of Georgia savings, credit card use, and retirement preparedness.…”

Section: ⅰ Introductionmentioning

confidence: 99%

Financial Sophistication and Credit Card Behaviors Revision

Robb

Cliff²,

Babiarz³

2016

IRFC

View full text Add to dashboard Cite

The present study explored consumers’ use of credit cards with an emphasis of the role that financial knowledge plays in behavior. Both objective and subjective measures of subjective financial knowledge were included in predictive models of seven unique credit card behaviors. Behaviors explored included comparing cards during the acquisition phase, paying off cards in full, revolving a balance, making minimum payments, paying late payment fees, paying over the limit fees, and taking cash advances. Results indicated that financial knowledge was a useful predictor of behavior, though different knowledge types were more or less effective as predictors depending on the behavior analyzed. An additional series of analyses was conducted controlling for emergency saving ownership. Implications are discussed.

show abstract

“…For college students, it is probably their first time to manage money independently as many college students begin working for a wage and start using credit cards issued in their own names. Some borrow a sizable amount of money for the first time (Peng et al, 2007;Lyons, 2008;Xiao et al, 2009;Scott, 2010). Given their inexperience, they are usually unprepared to effectively manage money associated with high debt (Rao and Barber, 2005;Borden et al, 2008).…”

Section: Introductionmentioning

confidence: 99%

Quantitative investigation of college students' financial behaviour

Sun¹,

Qin²,

Jackson³

2014

IJEF

View full text Add to dashboard Cite

Abstract:The rapid growth of student loan debt has led to increased public attention on college students' financial aid and financial behaviour. This study addresses the psychological process underlying effective college student financial behaviour and its determinants. A model modified based on planned behaviour theory is proposed and empirically tested using a sample of 243 college students. Structural equation modelling (SEM) is employed to examine the model fits and to investigate the relationship among the proposed factors. The determinants of financial behaviour identified by this study include attitude, intention, and perceived behavioural control, past behaviour, subjective norm, behavioural beliefs, subjective norm beliefs, and control beliefs. Additionally, this research examines the relative importance of these determinants and tests the role of beliefs.Keywords: college students' financial behaviour; theory of planned behaviour; student loan debt; past behaviour; intention. 36L. Sun et al.

show abstract

Credit Card Ownership Among American High School Seniors: 1997–2008

Abstract: Credit cards, Debt, Financial literacy, High school, Jump$tart Coalition,

Cited by 28 publications

References 23 publications

Internet, consumer spending, and credit card balance: Evidence from US consumers

Internet, consumer spending, and credit card balance: Evidence from US consumers

Financial Sophistication and Credit Card Behaviors Revision

Quantitative investigation of college students' financial behaviour

Contact Info

Product

Resources

About