Answer to Question #212941 in English for Lolo

Question

Summarize the intention of the author in writing the text college and the challenge of credit card debts

Answer 1

Self-esteem, power-prestige, and risk-taking are three variables that haven't been studied combined before in relation to college 

students' credit card misuse and compulsive shopping behavior. Furthermore, the study claims 

that credit card misuse mediates the link between these characteristics and compulsive buying 

behavior. 

The overall structural model is well-fitting, and significant direct and indirect effects for 

power-prestige, but not for self-esteem and risk-taking, are discovered using structural equation modeling. These findings have managerial 

implications, which are identified.