Credit card behavior as a function of impulsivity and mother’s socialization factors

37 Introduction Personal finance experts commonly recommend that individuals and families limit their use of credit in favor of cash in difficult economic times. This strategy can be recommended as a way to control spending. Kates-Smith (2011) suggested that some Americans have taken this advice and replaced the use of credit cards with cash. However, the possibility that a majority of Americans will change their purchasing behavior is improbable.