Beneath the Surface: the Psychological Side of Spending Behaviors

Carrier, Lois; Maurice, David
February 1998
Journal of Financial Planning;Feb1998, Vol. 11 Issue 1, p94
Academic Journal
This article looks at the psychological side of spending behaviors. According to social learning theory, spending behaviors can be viewed as a learned behavior often transmitted by parents and other influential individuals, and is, therefore, predominantly one that is passed from generation to generation. Overspending behaviors can involve over-use of credit, compulsive gambling, irrational obsession with the stock market, or a need to spend money to create a mood change. Compulsive spending is something people may suffer from unknowingly. It is an addiction that rarely gets attention because few recognize the pattern in these psychological terms with its many facets.


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