 Our Everyday Emotions and Finances – The role money-related attitudes and materialistic orienta-tion play in developing financial cultureBoglárka Zsótér and Péter Nagy Public Finance Quarterly, 2012, vol. 57, issue 3, 286-297 Abstract: Today’s economic and financial crisis calls for radical changes in the financial culture and consumption patterns we have had until now. Although it is regarded a young democracy, Hungary has previously made numerous top-down attempts to develop financial skills and to keep materialistic values at a healthy level. Those attempts, however, have met with little success as they failed to further broaden and strengthen the population’s financial culture. This study aims to analyse the phenomenon from the viewpoint of consumer socialisation through its two important components, i.e. the concepts of attitude to money and of materialistic orien-tation. Interestingly, the latest research has highlighted the role of emotions in financial behaviour. Based on that research work, we make a number of recommendations and emphasise that Hungarian financial culture cannot be developed without taking into con-sideration the specificities of emotional life and emotional control. Keywords: onsumer socialisation; financial culture; attitudes to money; materialistic orientation; emotional control (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pfq:journl:v:57:y:2012:i:3:p:286-297 Access Statistics for this article More articles in Public Finance Quarterly from Corvinus University of Budapest Contact information at EDIRC. |
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