Journal
EMOTION
Volume 23, Issue 2, Pages 504-511Publisher
AMER PSYCHOLOGICAL ASSOC
DOI: 10.1037/emo0001090
Keywords
financial resources; happiness; income; meaning; well-being
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These studies find that meaning has a weaker impact on happiness among individuals with greater financial resources.
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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