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Record identifier : 568823
Personal Name - Primary Intelectual Responsibility : Liaw, Teresa
Title and statement of responsibility : Money and friends: The unspoken topic [Thesis]
Publication, Distribution,Etc. : Massachusetts School of Professional Psychology, 2008
Language of the Item : eng
Dissertation of thesis details and type of degree : Psy.D
Body granting the degree : , Massachusetts School of Professional Psychology
Summary or Abstract : The purpose of this study was to investigate attitudes towards money among friends. In order to do this, the meaning of money and how that meaning becomes socialized into our sense of self was explored. The goal was to explore the emotional meanings of money for an individual, in order to better understand one's relationship with money.The literature review examined an individual's meaning making of money and how the topic is discussed among friends. The history of money and the socialized meaning of money indicated that individuals prescribe symbolic meaning to money. From a Developmental Psychology perspective, the way individuals form their attitudes and perception of money is largely influenced by their society and family. Finally, with regards to friends, an individual's attitude could be based on the individual's history with money.An online survey was created in order to assess individual's attitudes to money scenarios and their willingness to discuss it with close friends. Each participant completed a demographic questionnaire. The questions in the demographic survey provided a basis to compare the Money Attitude with Friends Scale (MAFS) questions. The MAFS is a self-report instrument which used a 10 point descriptively anchored Likert response scale where respondents indicated how likely they are to discuss each statement as presented. The MAFS assessed three different domains which explored differences between what individuals think and feel about money and how they act.The results yielded six factors that were significant at p = .01 level of significance. The first finding indicated that males and Asian participants were more likely than females and Caucasian participants respectively, to be influenced if one of their friends never has enough money to hang out. Also, participants whom grew up with three people in the household were more likely than people who lived with five people in the household to discuss a budget for a shared vacation with a friend. Individuals who reported experiencing a major and sustained change in income were less likely to ask a friend for a small amount of money he or she owes them. They were also less likely to ask how much money their friend makes. Lastly, students were less likely than working individuals to tell a friend if they were unable to afford to eat at a restaurant that is beyond their price range..
Topical Name Used as Subject : Social psychology
Information of biblio record : TL
 
 
 
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