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Young Consumers' Credit Based Lifestyles and Payment Problems

image of Young Consumers' Credit Based Lifestyles and Payment Problems

Content

• Preface

• Summary

• Background and rationale of the study

• Complexity of young consumers’ credit-based lifestyles and payment problems

• Research setting and research questions

• Methods and materials

• Consumption practices and credit use as lifestyle factors

• Toward credit-based lifestyles

• Discussion and conclusion

English

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Research setting and research questions

The connection between payment problems and lifestyles or life situations is not a clear cause-and-effect relationship. It is more a question of multi-dimensional factors, situations and events entangled into a complex totality (e.g. Leskinen 1990). The credit phenomenon has methodological implications as well. Thus, in order to understand the complexity of young consumers’ credit-based lifestyles and payment problems, we apply a holistic, interpretative approach in this study. Such an approach helps us to understand the multifaceted nature of consumer credit, the complex conditions of credit use and the multiple dimensions of human behaviour. The emphasis here is on the totality of lifestyle factors: the impact of values (credit use and consumption), practices and activities (consumption and credit use) and structural factors (objective conditions and available resources) on credit use and payment problems (Leskinen 1990).

English

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