It's not the money, it's the quest for a happier self: the role of happiness and success motives in the link between financial goals and subjective well-being

Garđarsdóttir, Ragna B, Dittmar, Helga and Aspinall, Catherine (2009) It's not the money, it's the quest for a happier self: the role of happiness and success motives in the link between financial goals and subjective well-being. Journal of Social and Clinical Psychology, 28 (9). pp. 1100-1127. ISSN 0736-7236

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Abstract

There is consistent evidence for a moderate negative association between the pursuit of financial goals and subjective well-being (SWB; cf. Dittmar, 2008; Kasser & Kanner, 2004). However, there is some evidence to suggest that this negative link may hold only with respect to particular motives for wanting money (Sheldon, Ryan, Deci, & Kasser, 2004; Srivastava, Locke, & Bartol, 2001). We propose the quest for a happier self and success as two additional motives not examined previously, and examine a model in which the financial goal-SWB link is reduced to nonsignificance once money-motives are taken into account. Structural equation modeling in two studies, one with student samples from the United Kingdom and Iceland (N = 145, N = 139) and one with professional employees in the United Kingdom (N = 261), provides empirical support for the model, and demonstrates that the quest for a happier self through money is a particularly negative predictor of well-being.

Item Type: Article
Schools and Departments: School of Psychology > Psychology
Depositing User: Helga Dittmar
Date Deposited: 06 Feb 2012 15:43
Last Modified: 06 Feb 2017 10:47
URI: http://sro.sussex.ac.uk/id/eprint/14087
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