TY - JOUR
T1 - Exploring the place of financial status in the good life
T2 - Income and meaning in life
AU - Ward, Sarah J.
AU - King, Laura A.
N1 - Publisher Copyright:
© 2017, © 2017 Informa UK Limited, trading as Taylor & Francis Group.
PY - 2019/5/4
Y1 - 2019/5/4
N2 - Two studies examined the association between income and meaning in life (MIL). Study 1 (N = 781) demonstrated that income and other measures of financial status are positively associated with MIL and other aspects of well-being. The association between income and MIL was partially explained by autonomy, competence, and perceptions of control. Study 2 (N = 123) examined people’s forecasts of how financial status would affect their future well-being. Having a middle class or upper-middle class income in the future was expected to result in higher MIL, happiness, and need satisfaction than a life with a low income, showing that people perceive income as tied to meaning. These studies demonstrate how financial status can contribute to actual and expected MIL.
AB - Two studies examined the association between income and meaning in life (MIL). Study 1 (N = 781) demonstrated that income and other measures of financial status are positively associated with MIL and other aspects of well-being. The association between income and MIL was partially explained by autonomy, competence, and perceptions of control. Study 2 (N = 123) examined people’s forecasts of how financial status would affect their future well-being. Having a middle class or upper-middle class income in the future was expected to result in higher MIL, happiness, and need satisfaction than a life with a low income, showing that people perceive income as tied to meaning. These studies demonstrate how financial status can contribute to actual and expected MIL.
KW - income
KW - Meaning in life
KW - socioeconomic status
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U2 - 10.1080/17439760.2017.1402075
DO - 10.1080/17439760.2017.1402075
M3 - Article
AN - SCOPUS:85034641525
SN - 1743-9760
VL - 14
SP - 312
EP - 323
JO - Journal of Positive Psychology
JF - Journal of Positive Psychology
IS - 3
ER -