Materialism and Money Spending Disposition as Predictors of Economic and Personality Variables

Abstract

This research explored the relationships between materialism and money spending attitudes on impulse buying tendencies, attitudes toward debt, sensation seeking, and openness to experience. Students and other adults (N = 266) completed a materialism scale, portions of two money conservation scales, an impulse buying scale, an attitudes toward debt scale, a sensation seeking scale, and an openness to experience scale. Simultaneous-entry multiple regression analyses revealed that materialism and money conservation were predictive of impulse buying, sensation seeking, and openness to experience. Two marginally significant interactions emerged. Individuals less materialistic and tight with money had particularly negative attitudes toward debt, and individuals less materialistic and loose with money were particularly open to experience. Results are discussed with respect to how materialism may be related to a variety of individual difference variables, both at the main effect level and in interaction with money spending attitudes.