Materialism and Generation Y: Exploring adolescents' monetary attitudes and practices,

Research output: Book chapter/Published conference paperConference paper

11 Downloads (Pure)

Abstract

Drawing upon survey data collected in New York (NY) and Virginia (VA), this research presents findings on monetary attitudes and practices of 100 Generation Y students while they were adolescents (aged 14-18 in the year 2000). Findings reveal geographic location is significantly related to adolescents' belief in the importance of money, with NY youth valuing money more than those in VA. Importance of money was significantly correlated with the beliefs that an ability to buy more things would make them happier, material things showed success and that the things they owned were important to them. Collectively, 71% of adolescents who reported saving money did so with the aim of purchasing material objects, particularly clothes. Qualitative findings show how adolescents would spend a hypothetical gift of $1000, revealing saving and buying clothes to be the two most popular choices rather than altruistic endeavours. Overall, this sample of Generation Y youth exhibited materialistic tendencies, providing a foundation for future research to assess if and when this generation manifests its predicted backlash to materialism.
Original languageEnglish
Title of host publicationTASA 2008 conference
Subtitle of host publicationRe-imagining Sociology
Place of PublicationMelbourne
PublisherTASA
Pages1-23
Number of pages23
ISBN (Electronic)9780734039842
Publication statusPublished - 2008
EventThe Australian Sociological Association (TASA) Conference - Melbourne, VIC, Australia
Duration: 02 Dec 200805 Dec 2008

Conference

ConferenceThe Australian Sociological Association (TASA) Conference
CountryAustralia
Period02/12/0805/12/08

Fingerprint

materialism
money
adolescent
gift
ability
student

Cite this

Ragusa, A. (2008). Materialism and Generation Y: Exploring adolescents' monetary attitudes and practices, In TASA 2008 conference: Re-imagining Sociology (pp. 1-23). Melbourne: TASA.
Ragusa, Angela. / Materialism and Generation Y : Exploring adolescents' monetary attitudes and practices,. TASA 2008 conference: Re-imagining Sociology. Melbourne : TASA, 2008. pp. 1-23
@inproceedings{ffadb6260ef74289991952891ecefb1a,
title = "Materialism and Generation Y: Exploring adolescents' monetary attitudes and practices,",
abstract = "Drawing upon survey data collected in New York (NY) and Virginia (VA), this research presents findings on monetary attitudes and practices of 100 Generation Y students while they were adolescents (aged 14-18 in the year 2000). Findings reveal geographic location is significantly related to adolescents' belief in the importance of money, with NY youth valuing money more than those in VA. Importance of money was significantly correlated with the beliefs that an ability to buy more things would make them happier, material things showed success and that the things they owned were important to them. Collectively, 71{\%} of adolescents who reported saving money did so with the aim of purchasing material objects, particularly clothes. Qualitative findings show how adolescents would spend a hypothetical gift of $1000, revealing saving and buying clothes to be the two most popular choices rather than altruistic endeavours. Overall, this sample of Generation Y youth exhibited materialistic tendencies, providing a foundation for future research to assess if and when this generation manifests its predicted backlash to materialism.",
keywords = "Open access version available, Cross culture, Generation Y, Spending",
author = "Angela Ragusa",
note = "Imported on 03 May 2017 - DigiTool details were: publisher = Melbourne: TASA, 2008. editor/s (773b) = Majoribanks, T ,; Event dates (773o) = 2-5 December 2008; Parent title (773t) = The Australian Sociological Association (TASA) Conference.",
year = "2008",
language = "English",
pages = "1--23",
booktitle = "TASA 2008 conference",
publisher = "TASA",

}

Ragusa, A 2008, Materialism and Generation Y: Exploring adolescents' monetary attitudes and practices, in TASA 2008 conference: Re-imagining Sociology. TASA, Melbourne, pp. 1-23, The Australian Sociological Association (TASA) Conference, Australia, 02/12/08.

Materialism and Generation Y : Exploring adolescents' monetary attitudes and practices, / Ragusa, Angela.

TASA 2008 conference: Re-imagining Sociology. Melbourne : TASA, 2008. p. 1-23.

Research output: Book chapter/Published conference paperConference paper

TY - GEN

T1 - Materialism and Generation Y

T2 - Exploring adolescents' monetary attitudes and practices,

AU - Ragusa, Angela

N1 - Imported on 03 May 2017 - DigiTool details were: publisher = Melbourne: TASA, 2008. editor/s (773b) = Majoribanks, T ,; Event dates (773o) = 2-5 December 2008; Parent title (773t) = The Australian Sociological Association (TASA) Conference.

PY - 2008

Y1 - 2008

N2 - Drawing upon survey data collected in New York (NY) and Virginia (VA), this research presents findings on monetary attitudes and practices of 100 Generation Y students while they were adolescents (aged 14-18 in the year 2000). Findings reveal geographic location is significantly related to adolescents' belief in the importance of money, with NY youth valuing money more than those in VA. Importance of money was significantly correlated with the beliefs that an ability to buy more things would make them happier, material things showed success and that the things they owned were important to them. Collectively, 71% of adolescents who reported saving money did so with the aim of purchasing material objects, particularly clothes. Qualitative findings show how adolescents would spend a hypothetical gift of $1000, revealing saving and buying clothes to be the two most popular choices rather than altruistic endeavours. Overall, this sample of Generation Y youth exhibited materialistic tendencies, providing a foundation for future research to assess if and when this generation manifests its predicted backlash to materialism.

AB - Drawing upon survey data collected in New York (NY) and Virginia (VA), this research presents findings on monetary attitudes and practices of 100 Generation Y students while they were adolescents (aged 14-18 in the year 2000). Findings reveal geographic location is significantly related to adolescents' belief in the importance of money, with NY youth valuing money more than those in VA. Importance of money was significantly correlated with the beliefs that an ability to buy more things would make them happier, material things showed success and that the things they owned were important to them. Collectively, 71% of adolescents who reported saving money did so with the aim of purchasing material objects, particularly clothes. Qualitative findings show how adolescents would spend a hypothetical gift of $1000, revealing saving and buying clothes to be the two most popular choices rather than altruistic endeavours. Overall, this sample of Generation Y youth exhibited materialistic tendencies, providing a foundation for future research to assess if and when this generation manifests its predicted backlash to materialism.

KW - Open access version available

KW - Cross culture

KW - Generation Y

KW - Spending

M3 - Conference paper

SP - 1

EP - 23

BT - TASA 2008 conference

PB - TASA

CY - Melbourne

ER -

Ragusa A. Materialism and Generation Y: Exploring adolescents' monetary attitudes and practices, In TASA 2008 conference: Re-imagining Sociology. Melbourne: TASA. 2008. p. 1-23