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Article
Measuring and exploring symbolic money meanings.
Department of Marketing
  • Linda Orr, The University of Akron
Document Type
Article
Publication Date
10-1-2007
Abstract

This paper develops a scale to explore the symbolic meanings of money. Individual differences in the meanings and uses of money represent a fundamental issue in marketing, potentially influencing a wide variety of behaviors. Four dimensions were found based on a literature review and subsequent testing. Achievement and status, respectively, examine the extent that an individual perceives money as a marker of accomplishment or prestige. Worry examines the extent that a person feels anxious about money, whereas security examines the extent that an individual values money as a means of protection from an uncertain future. These dimensions are theoretically grounded, empirically tested, and potentially serve as a bridge between more general personal values and more specific consumer behaviors. © 2007 Wiley Periodicals, Inc.

Citation Information
Linda Orr. "Measuring and exploring symbolic money meanings." Vol. 24 (2007) p. 743 - 761
Available at: http://works.bepress.com/linda_orr/14/