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Scales for measuring attitudes toward money

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Title Scales for measuring attitudes toward money
Names Miller, Dorothy Sherrill (creator)
Wells, Helen L. (advisor)
Date Issued 1965-05-11 (iso8601)
Note Graduation date: 1965
Abstract The purpose of this study was to construct a measuring instrument
involving attitudes toward money. Seven scales were developed
using the Likert method of summated ratings. Five of these were
shown to be acceptably reliable for use in measuring attitudes of
groups similar to the standardization group of 4-H youth 15 and 16
years of age.
Acceptably reliable scales include those entitled Satisfaction
and Happiness, Values and Goals, Democracy, Budget, and Action
Orientation. Scales shown inadequate were Saving and Felt Poverty.
The acceptable scales provide a means for measuring verbally expressed
attitudes on a positive-negative continuum. Responses from
subjects which support operational definitions of the scales are
classed as ''positive attitudes"; those which conflict are classed as
"negative attitudes."
Items were placed into experimental scales on the basis of
agreement among three judges who were specialists in family life,
home management, and research methods. Items were pretested
on youth groups and revised.
The revised experimental instrument containing 85 attitude
hems was administered to 225 youth in the 1964 session of Oregon
State University 4-H Summer School. Five possible response categories provided measures of degree of agreement with the items by
the respondent. These were strongly agree, agree, undecided, disagree,
and strongly disagree.
Two types of data were secured from the subjects. One of
these, background data, identifies the group on which the instrument
was tested in regard to age, sex, place of residence, and social
position. A summary of background data shows that 83.6 percent of
the subjects were girls and 16.4 percent were boys. Subjects 15
years of age made up 44.9 percent of the sample, and subjects 16
years of age made up 55.1 percent. Thirty and seven-tenths percent
of the boys and girls live in cities or towns, 48.0 percent on farms
or ranches, and 21.3 percent in the country, but not farming.
Hollingshead's Two Factor Index of Social Position, based on
education and occupation of the head of the household, was used, with
minor revision, to classify the subjects into five social positions.
The distribution was only slightly skewed from a normal distribution.
All other data were provided by responses to the 85 attitude
items. Items in each scale were subjected to three tests of discriminatory power followed by a split-half test of reliability using
the Pearson Product-Moment Coefficient of Correlation corrected by
the Spearman-Brown prophecy formula.
Five of the seven scales showed acceptable reliability for use
in measuring group attitudes. These were Democracy .7632, Values
and Goals .7352, Satisfaction and Happiness .7082, Budget .6649,
and Action Orientation .5763.
The study was concerned with contort validity. It deals only
with verbal behavior in which subjects declare themselves in favor of
some statements and opposed to others. No attempt was made to
correlate the responses with overt nonverbal acts.
Teachers, 4-H leaders, and other youth group leaders may use
these scales to assist in selection of learning experiences about
money and to measure change in attitudes after these learning experiences.
They are also useful as means for prompting discussion
in a learning situation.
Suggestions are made for further research which would make
the scales suitable for measuring individual, as well as group, attitudes.
Need for establishing reliability of the scales with other
groups, such as college students and married couples at all stages of
the life cycle, is indicated. Additional research in an effort to show
the scales reliable as predictive tools for more overt forms of behavior
is also proposed.
Genre Thesis/Dissertation
Topic Attitude (Psychology)
Identifier http://hdl.handle.net/1957/48552

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