Table 3.

Results obtained from the final model of the regression analyses.

Variables retained in the final model	β	S.E.(β)	Test of significance
Financial literacy	− 0.13	0.02	t = − 6.42, p < 0.001
Age	− 0.06	0.02	t = − 3.33, p = 0.001
Geographic region of birtha
South/Eastern Asia	3.82	0.62	t = 6.15, p < 0.001
Southern Europe	0.04	0.59	t = 0.69, p = 0.490
Southern Asia	4.95	0.61	t = 8.08, p < 0.001
Northern America	− 1.12	0.53	t = − 2.19, p = 0.029
Northern Europe	0.29	0.50	t = 0.59, p = 0.558
Not employed	− 1.05	0.39	t = − 2.68, p = 0.007
Income	0.16	0.06	t = 2.68, p = 0.008
Shopping frequencyb
About once in a month	− 0.30	0.67	t = − 0.45, p = 0.656
Few times in a month	1.05	0.63	t = 1.68, p = 0.093
About Once in a week	1.57	0.65	t = 2.43, p = 0.015
Few times in a week	2.30	0.64	t = 3.58, p < 0.001
Not buying luxury goods	− 1.11	0.32	t = − 3.50, p < 0.001
Time (hour)	0.04	0.02	t = 2.23, p = 0.019
Self-Efficacy	0.13	0.04	t = 3.62, p < 0.001
Self-regulation impulsivity	0.17	0.03	t = 6.19, p < 0.001
Self-regulation goal setting	0.08	0.04	t = 2.20, p = 0.028
Anxiety	0.29	0.04	t = 7.83, p < 0.001

Model significance: F_{(19, 890)} = 89.76, p < 0.001; Adjusted R-squared: 65.48%.

^aOthers as the referent group.

^bOnce in a few months as the referent group.