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2 days ago · Psychological Factors Driving Buying Decisions. Various psychological factors play a role in driving our buying decisions. Desire, influenced by our motivation and needs, often dictates what we buy. Our personality traits can determine whether we’re likely to indulge in luxury items or look for cost-efficiency. Understanding these ...
2 days ago · For example, people spend large sums of money caring for their own children; one estimate holds that Americans spend approximately $310,605 (per child) to raise their children from the day they are born to the day they turn 18 years old (Bhattarai et al., 2022). Furthermore, people often donate to organizations that provide shelter to those in ...
May 30, 2024 · Family members can significantly influence each other’s buying decisions. Children often influence what their parents buy, and spouses often make joint purchase decisions. Family roles and dynamics, such as who has the final say in purchasing decisions, also play a role.
1 day ago · Also embedded, albeit at times faint, is the role factors such as gender, farming background, age and needs of children, and farm scale play in shaping farm families’ decisions (Becot 2022; Becot et al. 2022; Eriksson and Hajdu 2021; Rissing et al. 2021; Stenbacka 2017). Our description of the three themes below is done in a linear fashion ...
Jun 15, 2024 · Most research investigating parent–child communication about consumer finance has focused on consumer socialization and been based on the family communication patterns theory. Five additional theories are suggested for guiding consumer finance researchers as...
- Myria Watkins Allen
- 2008
Jun 17, 2024 · Key points. Parents play a large role in shaping their child’s emotion regulation skills early in life. Supportive parenting is linked to positive outcomes in youth. A balanced approach that ...
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Jun 18, 2024 · 2. Decision Making Through the Ages. The concept of decision-making within the family unit has been a cornerstone of societal development throughout history. From the earliest hunter-gatherer societies to the complex family structures of the 21st century, the role of the family decision maker has evolved significantly.
