Money matters for future well-being: A latent growth analysis and meta-analytic integration of associations between income, financial satisfaction, and 22 well-being variables across three data sets.

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Tác giả: Vincent Y S Oh

Ngôn ngữ: eng

Ký hiệu phân loại:

Thông tin xuất bản: United States : Journal of personality and social psychology , 2025

Mô tả vật lý:

Bộ sưu tập: NCBI

ID: 187183

Are subjective or objective indicators of money more strongly associated with well-being in the short- and long term? We revisit this practically important question using a multidata, multioutcome, longitudinal approach to comprehensively examine whether income and financial satisfaction would be associated with short-term and long-term well-being. Specifically, using latent growth modeling, we analyzed three public-sample data sets from the United States and South Korea-the Midlife in the U.S. Study, the Understanding America Study, and the Korean Longitudinal Study of Aging. Specifically, we examined whether individual differences in income and financial satisfaction would be associated with individual differences in well-being or to changes in well-being over time. We also analyzed whether changes in income or financial satisfaction could be predicted by individual differences in well-being. Finally, we examined whether changes in income and financial satisfaction would covary with changes in well-being. In total, 22 well-being variables were examined, and all standardized effect sizes were subjected to a multilevel multivariate meta-analysis. Results from the meta-analysis indicated that starting financial satisfaction was related to better starting well-being (
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