Credit Card Use and Abuse: A Veblen ian Analysis

Scott, Robert H.

doi:10.1080/00213624.2007.11507046

Cited by 31 publications

(18 citation statements)

References 11 publications

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“…According to the data provided by the People's Bank of China (Report on the Payment System for the First Quarter, 2010), credit card issuers mass-mailed over 18.6 million credit card offers in mainland China in 2009, an increase of 30.4% compared to last year. With the fast growth of credit card use, credit card debt has grown exponentially in both developed and developing countries and districts (Scott, 2007). At the end of 2009, American credit card debt totaled $91.5 billion.…”

Section: Introductionmentioning

confidence: 99%

Demographics, attitude, personality and credit card features correlate with credit card debt: A view from China

Wang

Lü

Malhotra

2011

Journal of Economic Psychology

156

125

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Section: Introductionmentioning

confidence: 99%

Demographics, attitude, personality and credit card features correlate with credit card debt: A view from China

Wang

Lü

Malhotra

2011

Journal of Economic Psychology

156

125

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“…Many studies of consumer debtors have identified risk factors associated with chronic consumer debt (see, for example, Harding and Szukalska, 2000; Webley and Nyhus, 2001; Kempson, 2002; Madden, 2003; Scott, 2007; Weller, 2007). A study of overcommitted debtors in NSW Australia between 2000 and 2003 similarly confirmed anecdotal evidence from financial counsellors concerning the existence of specific risk factors for chronic debtors (Griffiths, 2004).…”

Section: Discussionmentioning

confidence: 99%

Chronic consumer debtors: the need for specific intervention

Townley-Jones

Griffiths

Bryant³

2008

Int J Consumer Studies

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Many studies of consumer debtors have identified risk factors associated with chronic consumer debt. Chronic consumer debtors exist in an environment of ongoing efforts to survive financially and meet their debt commitments. Despite otherwise favourable economic conditions for the community at large such as low interest rates and low levels of unemployment, the chronic consumer debtor remains continuously at peril of overcommitment. An analysis of financial counselling interviews in New South Wales (the largest state in Australia) has been used to identify the group that the authors believe to be most at risk of chronic consumer debt in Australia. Other independent studies are provided to support the choice of the identified group. The situation for chronic consumer debtors is contrasted to the situation for acute cases. While financial literacy and support programmes can be provided to the community, the ability to target programmes towards a specifically identifiable group concentrates activities on measures aimed to alleviate the distress caused by ongoing financial hardship for one particular consumer group. The challenge of reducing chronic consumer debt has the potential to raise awareness and understanding of risk factors for consumer debtors generally. Thus, concentrated efforts towards alleviating chronic consumer debt may lead to a reduction in consumer financial overcommitment.

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“…Segundo Scott (2007), ao consumo conspícuo de Veblen podemos hoje contrapor o crédito conspícuo, onde a crescente desigualdade e a alteração de normas de consumo empurram os indivíduos para o crédito, explicando, deste modo, os crescentes problemas de sobre -endividamento na sociedade norte -americana.…”

Section: A Sociologia Do Consumo E As Origens Comuns Com a Economia Punclassified

A economia política do consumo e do crédito às famílias: Um contributo interdisciplinar

Santos¹,

Costa²,

Teles³

2013

rccs

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Credit Card Use and Abuse: A Veblen ian Analysis

Cited by 31 publications

References 11 publications

Demographics, attitude, personality and credit card features correlate with credit card debt: A view from China

Demographics, attitude, personality and credit card features correlate with credit card debt: A view from China

Chronic consumer debtors: the need for specific intervention

A economia política do consumo e do crédito às famílias: Um contributo interdisciplinar

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