Risk Tolerance and the Financial Satisfaction of Credit Card Users

Autor/inn/en	Payne, Patrick; Kalenkoski, Charlene M.; Browning, Christopher
Titel	Risk Tolerance and the Financial Satisfaction of Credit Card Users
Quelle	In: Journal of Financial Counseling and Planning, 30 (2019) 1, S.110-120 (11 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Zusatzinformation	ORCID (Payne, Patrick) ORCID (Browning, Christopher)
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1052-3073
Schlagwörter	Risk; Money Management; Credit (Finance); Costs; Correlation; Retirement; Questionnaires; Life Style; Participant Characteristics + Suchen Sie Ihr Suchwort? Risiko; Credit; Kredit; Cost; Kosten; Korrelation; Pensionierung; Fragebogen; Lebensstil
Abstract	This study tests whether risk tolerance mitigates the effects of credit card mismanagement on users' financial satisfaction. We used data from the Health and Retirement Study and found results showing that credit card mismanagement reduces the financial satisfaction of lower-risk-tolerance users only. The results also suggest that the psychic costs of credit card mismanagement (i.e., stress and anxiety), not the monetary costs (fees and higher interest rates), may be the biggest contributors to the dissatisfaction associated with credit card use. (As Provided).
Anmerkungen	Association for Financial Counseling and Planning Education. 1500 West Third Avenue Suite 223, Columbus, OH 43212. Tel: 614-485-9650; Fax: 614-485-9621; Web site: https://connect.springerpub.com/content/sgrjfcp
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01