Symbolic money attitudes and compulsive buying : are they all bad for happiness?
Activity theorists posit that people get happy when they engage in activities they love doing. Generation Y (Gen Y) females love shopping. So, contrary to the notion that symbolic money attitudes and compulsive buying are bad, I investigated whether any dimension of happiness is gained from achievem...
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| Veröffentlicht in: | African journal of business and economic research 2019-03, Vol.14 (1), p.31-48 |
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| creator | Duh Inseng, Helen |
| description | Activity theorists posit that people get happy when they engage in activities they love doing. Generation Y (Gen Y) females love shopping. So, contrary to the notion that symbolic money attitudes and compulsive buying are bad, I investigated whether any dimension of happiness is gained from achievement and status money attitudes and compulsive spending and shopping among Gen Y females. The participants were 458 female Gen Y South-Africans (Blacks =55.5%, Coloureds = 31.4%; Whites = 3.5%; Indians = 9.6%; age between 18 and 35). Respondents were surveyed in two large universities in Cape Town and Durban to capture all racial groups. Structural equation modelling results revealed that high achievement and status symbolic money attitudes were associated with lower cognitive and affective happiness; and with higher compulsive shopping and spending. While affective happiness was positively associated with compulsive shopping, compulsive spending was bad for happiness among the young adults. |
| doi_str_mv | 10.31920/1750-4562/2019/v14n1a2 |
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Generation Y (Gen Y) females love shopping. So, contrary to the notion that symbolic money attitudes and compulsive buying are bad, I investigated whether any dimension of happiness is gained from achievement and status money attitudes and compulsive spending and shopping among Gen Y females. The participants were 458 female Gen Y South-Africans (Blacks =55.5%, Coloureds = 31.4%; Whites = 3.5%; Indians = 9.6%; age between 18 and 35). Respondents were surveyed in two large universities in Cape Town and Durban to capture all racial groups. Structural equation modelling results revealed that high achievement and status symbolic money attitudes were associated with lower cognitive and affective happiness; and with higher compulsive shopping and spending. While affective happiness was positively associated with compulsive shopping, compulsive spending was bad for happiness among the young adults.</description><identifier>ISSN: 1750-4554</identifier><identifier>EISSN: 1750-4562</identifier><identifier>DOI: 10.31920/1750-4562/2019/v14n1a2</identifier><language>eng</language><publisher>London: Adonis & Abbey Publishers</publisher><subject>Achievement money attitude ; Affective happiness ; Attitudes ; Cognitive happiness ; Compulsions ; Compulsive buying ; Compulsive shopping ; Compulsive spending ; Consumer credit ; Consumers ; Consumption ; Females ; Generation Y ; Happiness ; Hypotheses ; Market segments ; Materialism ; Millennials ; Money ; Predatory lending ; Psychology ; Racial groups ; Shopping ; South Africa ; Status money attitude ; Symbolic money attitudes ; Symbols ; Theorists ; Young adults</subject><ispartof>African journal of business and economic research, 2019-03, Vol.14 (1), p.31-48</ispartof><rights>Copyright Adonis & Abbey Publishers Ltd Mar 2019</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c288t-48f84fa9c1c90d42093d59c1b2fffafec9838999d8d089876ee93574fbd0d38a3</citedby></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,780,784,27924,27925</link.rule.ids></links><search><creatorcontrib>Duh Inseng, Helen</creatorcontrib><title>Symbolic money attitudes and compulsive buying : are they all bad for happiness?</title><title>African journal of business and economic research</title><description>Activity theorists posit that people get happy when they engage in activities they love doing. Generation Y (Gen Y) females love shopping. So, contrary to the notion that symbolic money attitudes and compulsive buying are bad, I investigated whether any dimension of happiness is gained from achievement and status money attitudes and compulsive spending and shopping among Gen Y females. The participants were 458 female Gen Y South-Africans (Blacks =55.5%, Coloureds = 31.4%; Whites = 3.5%; Indians = 9.6%; age between 18 and 35). Respondents were surveyed in two large universities in Cape Town and Durban to capture all racial groups. Structural equation modelling results revealed that high achievement and status symbolic money attitudes were associated with lower cognitive and affective happiness; and with higher compulsive shopping and spending. While affective happiness was positively associated with compulsive shopping, compulsive spending was bad for happiness among the young adults.</description><subject>Achievement money attitude</subject><subject>Affective happiness</subject><subject>Attitudes</subject><subject>Cognitive happiness</subject><subject>Compulsions</subject><subject>Compulsive buying</subject><subject>Compulsive shopping</subject><subject>Compulsive spending</subject><subject>Consumer credit</subject><subject>Consumers</subject><subject>Consumption</subject><subject>Females</subject><subject>Generation Y</subject><subject>Happiness</subject><subject>Hypotheses</subject><subject>Market segments</subject><subject>Materialism</subject><subject>Millennials</subject><subject>Money</subject><subject>Predatory lending</subject><subject>Psychology</subject><subject>Racial groups</subject><subject>Shopping</subject><subject>South Africa</subject><subject>Status money attitude</subject><subject>Symbolic money 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Helen</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c288t-48f84fa9c1c90d42093d59c1b2fffafec9838999d8d089876ee93574fbd0d38a3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2019</creationdate><topic>Achievement money attitude</topic><topic>Affective happiness</topic><topic>Attitudes</topic><topic>Cognitive happiness</topic><topic>Compulsions</topic><topic>Compulsive buying</topic><topic>Compulsive shopping</topic><topic>Compulsive spending</topic><topic>Consumer credit</topic><topic>Consumers</topic><topic>Consumption</topic><topic>Females</topic><topic>Generation Y</topic><topic>Happiness</topic><topic>Hypotheses</topic><topic>Market segments</topic><topic>Materialism</topic><topic>Millennials</topic><topic>Money</topic><topic>Predatory lending</topic><topic>Psychology</topic><topic>Racial groups</topic><topic>Shopping</topic><topic>South Africa</topic><topic>Status money 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Generation Y (Gen Y) females love shopping. So, contrary to the notion that symbolic money attitudes and compulsive buying are bad, I investigated whether any dimension of happiness is gained from achievement and status money attitudes and compulsive spending and shopping among Gen Y females. The participants were 458 female Gen Y South-Africans (Blacks =55.5%, Coloureds = 31.4%; Whites = 3.5%; Indians = 9.6%; age between 18 and 35). Respondents were surveyed in two large universities in Cape Town and Durban to capture all racial groups. Structural equation modelling results revealed that high achievement and status symbolic money attitudes were associated with lower cognitive and affective happiness; and with higher compulsive shopping and spending. 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| ispartof | African journal of business and economic research, 2019-03, Vol.14 (1), p.31-48 |
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| source | EBSCOhost Business Source Complete |
| subjects | Achievement money attitude Affective happiness Attitudes Cognitive happiness Compulsions Compulsive buying Compulsive shopping Compulsive spending Consumer credit Consumers Consumption Females Generation Y Happiness Hypotheses Market segments Materialism Millennials Money Predatory lending Psychology Racial groups Shopping South Africa Status money attitude Symbolic money attitudes Symbols Theorists Young adults |
| title | Symbolic money attitudes and compulsive buying : are they all bad for happiness? |
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