The association between financial literacy and Problematic Internet Shopping in a multinational sample

Lam, LT; Lam, MK

The association between financial literacy and Problematic Internet Shopping in a multinational sample

Lam, LT

Lam, MK

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Publication Type:: Journal Article
Citation:: Addictive Behaviors Reports, 2017, 6 pp. 123 - 127
Issue Date:: 2017-12-01

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Field	Value	Language
dc.contributor.author	Lam, LT https://orcid.org/0000-0001-6183-6854	en_US
dc.contributor.author	Lam, MK https://orcid.org/0000-0001-9451-8203	en_US
dc.date.available	2017-10-17	en_US
dc.date.issued	2017-12-01	en_US
dc.identifier.citation	Addictive Behaviors Reports, 2017, 6 pp. 123 - 127	en_US
dc.identifier.uri	http://hdl.handle.net/10453/125079
dc.description.abstract	© 2017 The Authors Purpose To examine the association between financial literacy and Problematic Internet Shopping in adults. Methods This cross-sectional online survey recruited participants, aged between 18 and 60 years, through an online research facility. The sample consisted of multinational participants from mainly three continents including Europe, North America, and Asia. Problematic Internet Shopping was assessed using the Bergen Shopping Addiction Scale (BSAS). Financial Literacy was measured by the Financial Literacy subscale of the Financial Wellbeing Questionnaire. Multiple linear regression analyses were conducted to elucidate the relationship between the study and outcome variables with adjustment for other potential risk factors. Results Of the total of 997 respondents with an average age of 30.9 (s.d. = 8.8), 135 (13.8%) could be classified as having a high risk of being Problematic Internet Shoppers. Results from the multiple regression analyses suggested a significant and negative relationship between financial literacy and Problematic Internet Shopping with a regression coefficient of − 0.13, after controlling for the effects of potential risk factors such as age, region of birth, employment, income, shopping frequency, self-regulation and anxiety (t = − 6.42, p < 0.001). Conclusions The clinical management of PIS should include a financial counselling as a component of the treatment regime. Enhancement of financial literacy in the general population, particularly among young people, will likely have a positive effect on the occurrence of PIS.	en_US
dc.relation.ispartof	Addictive Behaviors Reports	en_US
dc.relation.isbasedon	10.1016/j.abrep.2017.10.002	en_US
dc.title	The association between financial literacy and Problematic Internet Shopping in a multinational sample	en_US
dc.type	Journal Article
utslib.citation.volume	6	en_US
utslib.for	1701 Psychology	en_US
utslib.for	1117 Public Health and Health Services	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Health
pubs.organisational-group	/University of Technology Sydney/Faculty of Health/IMPACCT
pubs.organisational-group	/University of Technology Sydney/Strength - CHSP - Health Services and Practice
utslib.copyright.status	open_access
pubs.publication-status	Published	en_US
pubs.volume	6	en_US

Abstract:

© 2017 The Authors Purpose To examine the association between financial literacy and Problematic Internet Shopping in adults. Methods This cross-sectional online survey recruited participants, aged between 18 and 60 years, through an online research facility. The sample consisted of multinational participants from mainly three continents including Europe, North America, and Asia. Problematic Internet Shopping was assessed using the Bergen Shopping Addiction Scale (BSAS). Financial Literacy was measured by the Financial Literacy subscale of the Financial Wellbeing Questionnaire. Multiple linear regression analyses were conducted to elucidate the relationship between the study and outcome variables with adjustment for other potential risk factors. Results Of the total of 997 respondents with an average age of 30.9 (s.d. = 8.8), 135 (13.8%) could be classified as having a high risk of being Problematic Internet Shoppers. Results from the multiple regression analyses suggested a significant and negative relationship between financial literacy and Problematic Internet Shopping with a regression coefficient of − 0.13, after controlling for the effects of potential risk factors such as age, region of birth, employment, income, shopping frequency, self-regulation and anxiety (t = − 6.42, p < 0.001). Conclusions The clinical management of PIS should include a financial counselling as a component of the treatment regime. Enhancement of financial literacy in the general population, particularly among young people, will likely have a positive effect on the occurrence of PIS.

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http://hdl.handle.net/10453/125079