1.1 Materialism and Debt
Nowadays, people in developed countries are more favor to following the world’s trend such as fashion,
cars, and lifestyle which could make them become materialistic and lead them to be indebtedness. A person with
highly materialistic values believes that the acquisition of material goods is a central life goal, a prime indicator of
success, and a key to happiness and self-definition (Richins & Dawson, 1992). In 2011 Ragna B. and Helga examine
the relationship of materialism to debt and financial well-being in Iceland and found out that “people who endorse
materialistic values have more financial worries, worse money-management skills and greater tendency toward
compulsive buying and spending.” The project was examined by both offline and online questionnaire with 271
participants who are adults over 18 years of age and non-student to measure their thoughts about materialism,
money-management skills, and tendency to spending, compulsive buying and financial worry. This study helps the
researcher to find out how does materialism relate to student’s spending tendency and debt as it said in the
objectives. H1: Materialism is related to debt.
1.1 Materialism and DebtNowadays, people in developed countries are more favor to following the world’s trend such as fashion,cars, and lifestyle which could make them become materialistic and lead them to be indebtedness. A person withhighly materialistic values believes that the acquisition of material goods is a central life goal, a prime indicator ofsuccess, and a key to happiness and self-definition (Richins & Dawson, 1992). In 2011 Ragna B. and Helga examinethe relationship of materialism to debt and financial well-being in Iceland and found out that “people who endorsematerialistic values have more financial worries, worse money-management skills and greater tendency towardcompulsive buying and spending.” The project was examined by both offline and online questionnaire with 271participants who are adults over 18 years of age and non-student to measure their thoughts about materialism,money-management skills, and tendency to spending, compulsive buying and financial worry. This study helps theresearcher to find out how does materialism relate to student’s spending tendency and debt as it said in theobjectives. H1: Materialism is related to debt.
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