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ERIC Number: EJ773511
Record Type: Journal
Publication Date: 2003
Pages: 24
Abstractor: Author
Reference Count: 43
ISSN: ISSN-0091-4150
Income, Age and Financial Satisfaction
Hsieh, Chang-Ming
International Journal of Aging and Human Development, v56 n2 p89-112 2003
Although the effects of income and age on subjective well-being have been widely studied, research on the effects of income and age on financial satisfaction, a major life domain to which income has direct relevance, remains limited. Analyzing data from the General Social Surveys, this article empirically examined the effects of income and age on financial satisfaction. These findings suggest that the social-psychological mechanisms underlying the age differences in the effects of income on financial satisfaction might not reflect a clear-cut status attainment versus status maintenance framework. The findings also served to caution future financial satisfaction research in the choice of income measures and the age grouping. (Contains 1 figure and 5 tables.)
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Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: United States
Identifiers - Assessments and Surveys: General Social Survey