Financial Resources Impact the Relationship Between Meaning and Happiness

Rhia Catapano; J. Quoidbach; Cassie Mogilner; Jennifer L. Aaker

doi:10.1037/emo0001090

Financial Resources Impact the Relationship Between Meaning and Happiness

Rhia Catapano, J. Quoidbach, Cassie Mogilner, Jennifer L. Aaker

Department of People Management and Organisation

Research output: Indexed journal article › Article › peer-review

4 Citations (Scopus)

Abstract

Do financial resources relate to how important meaning is for one’s happiness? Across three large-scale data sets spanning more than 500,000 individuals across 123 countries, we examined the relationship between meaning and happiness for individuals who vary in financial resources. Whether based on actual income level (Studies 1 and 2) or subjective assessments of socioeconomic status (Study 3), the results reveal that meaning is a weaker predictor of happiness for individuals with greater (vs. lesser) financial resources. Collectively, these studies suggest that having greater financial resources weakens the link between meaning and happiness.

Original language	English
Pages (from-to)	504–511
Journal	Emotion
Volume	23
Issue number	2
DOIs	https://doi.org/10.1037/emo0001090
Publication status	Published - Mar 2023

Keywords

Financial resources
Happiness
Income
Meaning
Well-being

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10.1037/emo0001090

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title = "Financial Resources Impact the Relationship Between Meaning and Happiness",

abstract = "Do financial resources relate to how important meaning is for one{\textquoteright}s happiness? Across three large-scale data sets spanning more than 500,000 individuals across 123 countries, we examined the relationship between meaning and happiness for individuals who vary in financial resources. Whether based on actual income level (Studies 1 and 2) or subjective assessments of socioeconomic status (Study 3), the results reveal that meaning is a weaker predictor of happiness for individuals with greater (vs. lesser) financial resources. Collectively, these studies suggest that having greater financial resources weakens the link between meaning and happiness.",

keywords = "Financial resources, Happiness, Income, Meaning, Well-being",

author = "Rhia Catapano and J. Quoidbach and Cassie Mogilner and Aaker, {Jennifer L.}",

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year = "2023",

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AU - Aaker, Jennifer L.

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AB - Do financial resources relate to how important meaning is for one’s happiness? Across three large-scale data sets spanning more than 500,000 individuals across 123 countries, we examined the relationship between meaning and happiness for individuals who vary in financial resources. Whether based on actual income level (Studies 1 and 2) or subjective assessments of socioeconomic status (Study 3), the results reveal that meaning is a weaker predictor of happiness for individuals with greater (vs. lesser) financial resources. Collectively, these studies suggest that having greater financial resources weakens the link between meaning and happiness.

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KW - Happiness

KW - Income

KW - Meaning

KW - Well-being

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Financial Resources Impact the Relationship Between Meaning and Happiness

Abstract

Keywords

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