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The Relationship of Income And Money Attitudes To Subjective Assessment of Financial Situation

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  • Gąsiorowska, Agata

Abstract

This paper examines a model of economic status satisfaction (money satisfaction) that controls attitudes toward money, income level and gender. Money attitudes were measured with SPP scale (Gąsiorowska, 2003), fully developed in Polish environment, and better adjusted to Polish conditions than other money attitudes scales. In the first study, path analysis showed that gender is the strong moderator of money attitudes - money satisfaction relationship. Money attitudes presented by females do not influence significantly their economic status satisfaction, while in case of males, financial anxiety and power connected with money explained 13% of variance of dependent variable. In the second study, in addition to the previous, income data were also collected. In the group of females, income was found to be a better predictor of financial situation assessment than money attitudes, and the anxiety dimension of money attitudes was slightly mediating income - financial situation relationship. In the group of males, the effect of money attitudes in predicting financial assessment is primarily additive to the effect of income.

Suggested Citation

  • Gąsiorowska, Agata, 2008. "The Relationship of Income And Money Attitudes To Subjective Assessment of Financial Situation," MPRA Paper 18746, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:18746
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    References listed on IDEAS

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    1. Richins, Marsha L & Dawson, Scott, 1992. "A Consumer Values Orientation for Materialism and Its Measurement: Scale Development and Validation," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 19(3), pages 303-316, December.
    2. T. Tang, 2007. "Income and Quality of Life: Does the Love of Money Make a Difference?," Journal of Business Ethics, Springer, vol. 72(4), pages 375-393, June.
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    More about this item

    Keywords

    economic psychology; income level; money attitudes;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance

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