Journal of Family and Economic Issues

, Volume 31, Issue 2, pp 161–170 | Cite as

Sensation-Seeking, Risk-Taking, and Problematic Financial Behaviors of College Students

  • Sheri Lokken Worthy
  • Jeffrey Jonkman
  • Lynn Blinn-Pike
Original Paper

Abstract

College students are at especially high risk for serious financial problems due to easy availability of credit cards, rising tuition, and a declining economy. Arnett (Am Psychol 55:469–480, 2000) proposed 18–25 year olds may be considered emerging adults and are characterized by less stable financial situations than those who perceive themselves to be adults. A survey was given to 450 students at two Mississippi universities. The results showed student financial behaviors were related to age, gender, public assistance, adult status, sensation-seeking, and potential for problem gambling. This study is unique in that it investigated the relationship of emerging adult/adult status and other individual and socio-demographic variables to financial behaviors among college students, a conceptualization that has not been explored in the past.

Keywords

Adult status College students Financial behaviors 

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Copyright information

© Springer Science+Business Media, LLC 2010

Authors and Affiliations

  • Sheri Lokken Worthy
    • 1
  • Jeffrey Jonkman
    • 2
  • Lynn Blinn-Pike
    • 3
  1. 1.School of Human SciencesMississippi State UniversityMississippi StateUSA
  2. 2.Department of Mathematics and StatisticsGrinnell CollegeGrinnellUSA
  3. 3.Department of SociologyIndiana University-Purdue UniversityIndianapolisUSA

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