Henegar, Justin M.Archuleta, Kristy L.Grable, JohnBritt, Sonya L.Anderson, NaRitaDale, Anita2014-04-302014-04-302014-04-30http://hdl.handle.net/2097/17674The current paper, using data from the National Longitudinal Survey of Youth 1979 (NLSY) and the NLSY Child Survey, reports results from a test designed to determine if impulsiveness is associated with credit card behavior, and whether a mother?s time preference, socioeconomic status, and risk attitude transmit to her children in shaping credit card behavior. In addition to certain demographic factors, individuals who exhibited self-control/ low impulsivity were more likely to possess a credit card, as were those whose mothers had a high socioeconomic status. Men, those with higher income, and those who were raised by mothers with high financial impatience were more likely to hold a credit card balance.en-USPermission to archive granted by Association for Financial Counseling, Planning, Education, March 21, 2014.Credit cardsImpulsivitySocialization theorySocioeconomic statusArticle (publisher version)