Money Profiles as Related to Work-Related Attitudes: An Examination of the Money Ethic Endorsement Among Citizens in the USAThomas Li-Ping Tang, Department of Management and Marketing, College of Business Middle Tennessee State University Murfreesboro, Tennessee 37132 USA Theresa Li-Na Tang, FISI-Cendant Brentwood, TN 37027 USA Roberto Luna-Arocas, Department of Administration and Marketing University of Valencia Valencia, Spain
This research was supported by funds from the Faculty Research and Creative Activity Committee of Middle Tennessee State University.
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A total of 564 citizens in the United States was classified into four money profiles based on the six Factors (Good, Evil, Achievement, Respect, Budget, and Power) of the Money Ethic Scale (Tang, 1992) using cluster analysis. Money Repellers (15.54%) have the lowest scores on Factors Good and Power and the highest on Factor Evil. Apathetic Money Handlers (31.08%) have the lowest scores on Factors Respect and Achievement and the highest on Budget. Careless Money Admirers (30.16%) have the lowest scores on Factors Budget and Evil. Achieving Money Worshipers (23.22%) have the highest scores on Factors Good, Respect, Achievement, and Power. Achieving Money Worshipers have the highest level of organization-based self-esteem, the Protestant Work Ethic, intrinsic and extrinsic job satisfaction, and satisfaction with social and self-actualization needs, whereas Money Repellers have the lowest. Apathetic Money Handlers have the highest level of satisfaction with physiological and safety needs. Results offer further support for the Money Ethic Scale and the four money profiles.
Keywords: Money Profiles, Money Ethic Endorsement, and Work-Related Attitudes