The Impact of Money Attitudes on the Relationship Between Income and Financial Satisfaction

• Authors: Agata Gasiorowska
• Languages of publication: EN

Abstracts

EN

Prior research has showed that the subjective perception of objective wealth might be affected by various individual difference variables, such as one’s love of money, level of desires, or materialistic inclinations. This paper examines an impact of attitudes towards money on the relation between personal net income and household income, and its subjective evaluation, measured as financial satisfaction and subjective economic well-being. The results of two studies revealed that the affective dimension of money attitudes (assigning the symbolic meaning to money) partially mediated the relationship between income and financial satisfaction. Moreover, the instrumental dimension of attitude towards money (individuals’ attitude toward money management) moderated this relationship: The relationship between the two was stronger for individuals highly concentrated on money management than for those with low scores on this factor.

Keywords

EN

money attitudes; wealth perception; income; financial satisfaction

• Publisher: Committee for Psychological Sciences, Polish Academy of Sciences
• Journal: Polish Psychological Bulletin
• Year: 2015
• Volume: 46
• Issue: 2
• Pages: 197-208

Dates

published

2015-06-01

online

2015-05-22

Contributors

author

Agata Gasiorowska

• University of Social Sciences and Humanities in Warsaw, Faculty in Wroclaw, Ostrowskiego 30b, 53-238 Wroclaw, Poland

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Identifiers

DOI

10.1515/ppb-2015-0026