Abstract
Background data concerning financial responsibility is used frequently in screening applicants for positions of trust in which integrity is particularly desirable. Many applicants for positions of trust do not have any credit history, due primarily to their age. The assessment of financial responsibility for young adults who lack credit histories is a major problem for employers. This article investigated the factor structure and predictive validity of a measure of vanity-motivated overspending based on a sample of 2,030 individuals. A confirmatory factor analysis supported the relationship between vanity and poor spending habits; however, further refinement of the scales is warranted. Criterion-related validity was supported for one of the scales.
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