Credit Card and Financial Well-Being Among Females

  • Danilo Braun Santos
  • Wesley Mendes-Da-Silva
  • Jill M. Norvilitis
  • Eduardo da Silva Flores


The literature documents the impact of credit card use on people’s financial well-being, including special interest in women’s credit card behavior. This chapter examines predictors of the financial well-being for female college students living in São Paulo City (Brazil) or New York City (United States), focusing upon behaviors regarding credit card use. The results of structural equation models, based on 784 participants, suggest that financial self-confidence and social comparison impact the respondents’ habits surrounding credit card use and, more largely, influence financial well-being. Although social comparison is more strongly predictive of credit card use among Brazilian women, credit card use behavior has a greater impact on the well-being of American women.


Social comparison Credit card use Well-being College students 

JEL Code

E51 J16 I31 


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Copyright information

© Springer International Publishing AG, part of Springer Nature 2019

Authors and Affiliations

  • Danilo Braun Santos
    • 1
  • Wesley Mendes-Da-Silva
    • 2
    • 3
  • Jill M. Norvilitis
    • 4
  • Eduardo da Silva Flores
    • 5
  1. 1.Federal University of Sao Paulo (UNIFESP)SPBrazil
  2. 2.Sao Paulo School of Business Administration (FGV/EAESP)Sao PauloBrazil
  3. 3.University of Texas at AustinAustinUSA
  4. 4.State University of New YorkBuffaloUSA
  5. 5.University of São PauloSão PauloBrazil

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