Development and Validation of the Financial Status Social Comparison Scale
Presentation Type
Poster
Faculty Advisor
Michael Bixter
Access Type
Event
Start Date
26-4-2024 11:15 AM
End Date
26-4-2024 12:15 PM
Description
Prior social comparison scales have emphasized individual tendencies to generally compare themselves to others. However, there has yet to be a scale that focuses on individual comparisons to others with regards to financial matters, like income or spending behavior. We addressed this gap through the development of the Financial Social Compparison Scale, modified from the widely used social comparison scale from Gibbons and Buunk (1999). Modifications include both a re-phrasing of old items to reflect financial matters and the creation additional items that specifically measure upward and downward financial-status comparison tendencies. Having previously confirmed the factor structure of this new scale on student samples, we will test the association between financial social comparison tendencies and resultant financial behaviors, satisfication, marital status, and household income (among others) on a sample of adult workers on Amazon Mechanical Turk and Cloud Research. Keywords: social, financial, status, upward and downward comparison
Development and Validation of the Financial Status Social Comparison Scale
Prior social comparison scales have emphasized individual tendencies to generally compare themselves to others. However, there has yet to be a scale that focuses on individual comparisons to others with regards to financial matters, like income or spending behavior. We addressed this gap through the development of the Financial Social Compparison Scale, modified from the widely used social comparison scale from Gibbons and Buunk (1999). Modifications include both a re-phrasing of old items to reflect financial matters and the creation additional items that specifically measure upward and downward financial-status comparison tendencies. Having previously confirmed the factor structure of this new scale on student samples, we will test the association between financial social comparison tendencies and resultant financial behaviors, satisfication, marital status, and household income (among others) on a sample of adult workers on Amazon Mechanical Turk and Cloud Research. Keywords: social, financial, status, upward and downward comparison