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Relation of Parental Caring to Conspicuous Consumption Attitudes in Adolescents

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  • Clinton Gudmunson
  • Ivan Beutler

Abstract

Adolescent conspicuous consumption attitudes are perversely rooted in human relationships and interfere with personal growth and engagement in adult roles. Negative associations between parental caring and conspicuous consumption could be evidence of a compensatory motive to seek for the passing admiration of others when parent–child relationships fail to fulfill basic needs of competence, autonomy, and relatedness. Very little support, however, was found for Veblen’s original hypothesis that conspicuous consumption attitudes are driven by perceived social class distinctions. Yet, immersion in the consumer culture promoted by the media predicted higher levels of conspicuous consumption attitudes which were also more prominent among older adolescents. This small-scale study of 257, predominantly middle-class adolescents, calls attention to the need for more family socialization studies of adolescent money attitudes. Copyright Springer Science+Business Media, LLC 2012

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  • Clinton Gudmunson & Ivan Beutler, 2012. "Relation of Parental Caring to Conspicuous Consumption Attitudes in Adolescents," Journal of Family and Economic Issues, Springer, vol. 33(4), pages 389-399, December.
    • Handle: RePEc:kap:jfamec:v:33:y:2012:i:4:p:389-399
    DOI: 10.1007/s10834-012-9282-7
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    References listed on IDEAS

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    1. NDOU, Adam, 2023. "Parental Financial Socialisation And Socioeconomic Status," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 27(1), pages 39-58, March.
    2. Adam Hancock & Bryce Jorgensen & Melvin Swanson, 2013. "College Students and Credit Card Use: The Role of Parents, Work Experience, Financial Knowledge, and Credit Card Attitudes," Journal of Family and Economic Issues, Springer, vol. 34(4), pages 369-381, December.
    3. Ashley B. LeBaron & Heather H. Kelley, 2021. "Financial Socialization: A Decade in Review," Journal of Family and Economic Issues, Springer, vol. 42(1), pages 195-206, July.
    4. Bryce L. Jorgensen & Diane Foster & Jakob F. Jensen & Elisabete Vieira, 2017. "Financial Attitudes and Responsible Spending Behavior of Emerging Adults: Does Geographic Location Matter?," Journal of Family and Economic Issues, Springer, vol. 38(1), pages 70-83, March.
    5. Gina Chowa & Mathieu Despard, 2014. "The Influence of Parental Financial Socialization on Youth’s Financial Behavior: Evidence from Ghana," Journal of Family and Economic Issues, Springer, vol. 35(3), pages 376-389, September.
    6. MANCHANDA Rimple, 2020. "A Gendered Study Of Attitude Towards Money In Delhi Ncr," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 15(1), pages 115-126, April.
    7. Helen Duh & Sarah Benmoyal-Bouzaglo & George Moschis & Lilia Smaoui, 2015. "Examination of Young Adults’ Materialism in France and South Africa Using Two Life-Course Theoretical Perspectives," Journal of Family and Economic Issues, Springer, vol. 36(2), pages 251-262, June.
    8. Sharon Danes & Katherine Brewton, 2014. "The Role of Learning Context in High School Students’ Financial Knowledge and Behavior Acquisition," Journal of Family and Economic Issues, Springer, vol. 35(1), pages 81-94, March.
    9. Nan Sook Yu & Jiwon Nam‐Speers, 2021. "Mass media exposure and disproportional influences on materialistic values and buying impulsiveness among urban youth," Social Science Quarterly, Southwestern Social Science Association, vol. 102(4), pages 1848-1865, July.
    10. Zhu, Alex Yue Feng, 2020. "Impact of school financial education on parental saving socialization in Hong Kong adolescents," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 87(C).

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