Self-Justification, Self-Control, and Credit Card Usage

Consumer Interests Annual, Volume 59, 2013

4 Pages Posted: 24 Sep 2014

See all articles by Jae Min Lee

Jae Min Lee

Minnesota State University, Mankato

Date Written: April 13, 2013


Research has indicated that many households have difficulty managing their credit card debt. Although credit cards allow people to fulfill their monetary desires, credit card usage is potentially related to the problem of spending restraints, and can cause self-inflicted stress. Those with poor credit payment problems may feel stress from the pressure of wanting to achieve self-control. Self-justification, identifying themselves as the same as other people, is considered one way to relieve this stress, as social conformity theory suggests. The objectives of this study are as follows: 1) to explore the relationship between poor credit card payment history and attitudes about credit card purchases, and 2) to investigate the differences in attitudes about specific expenses of credit card usage between those with a poor credit card payment histories and those without.

Keywords: Self-justification, social conformity, credit card, stress, overspending, SCF, Survey of Consumer Finances

JEL Classification: D03, D12, D14

Suggested Citation

Lee, Jae Min, Self-Justification, Self-Control, and Credit Card Usage (April 13, 2013). Consumer Interests Annual, Volume 59, 2013 . Available at SSRN: or

Jae Min Lee (Contact Author)

Minnesota State University, Mankato ( email )

102 Wiecking Center
Mankato, MN MN 56001
United States

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