Effect of materialism on RFB
| Antecedent | Outcome | Concept | Reference |
|---|---|---|---|
| Materialism | Positive | For those high in materialism financial security is of great importance | Richins and Dawson (1992) |
| Materialism increases motivation for greater knowledge of financial products | Cakarnis and D’Alessandro (2015) | ||
| Materialism has a positive impact on the economy because of higher earnings and spending | Kasser et al. (2007), Richins and Rudmin (1994) | ||
| Materialism | Negative | Compulsive buying | Burroughs and Rindfleisch (2002), Nga et al. (2011); Phau and Woo (2008) |
| Lower levels of well-being | Ahuvia and Wong (2002) | ||
| Tendency to indebtedness | Watson (2003); Garðarsdottir and Dittmar (2012); de Matos et al. (2019) | ||
| Poorer money management | Garðarsdottir and Dittmar (2012); McNair et al. (2016) | ||
| Financial responsible behavior and materialism | Positive | Financial literacy may decrease materialism and increase happiness | Stone et al. (2008) |
| Financial responsible behavior and materialism | No connection | Norvilitis et al. (2006), Pinto et al. (2000) |
| Antecedent | Outcome | Concept | Reference |
|---|---|---|---|
| Materialism | Positive | For those high in materialism financial security is of great importance | |
| Materialism increases motivation for greater knowledge of financial products | |||
| Materialism has a positive impact on the economy because of higher earnings and spending | |||
| Materialism | Negative | Compulsive buying | |
| Lower levels of well-being | |||
| Tendency to indebtedness | |||
| Poorer money management | |||
| Financial responsible behavior and materialism | Positive | Financial literacy may decrease materialism and increase happiness | |
| Financial responsible behavior and materialism | No connection |
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