17 research outputs found

    Models of well-being and ill-being

    No full text
    This paper assesses the combined effects of wealth and income on subjective well-being and illbeing. The accepted view among psychologists is that household economic circumstances have statistically significant but only small effects on SWB. However, the only measure of economic circumstances in previous studies has been household income. It transpires that wealth, which can be viewed as providing a degree of economic security, is at least as important to well-being and ill-being as income. Objective individual and household characteristics, including wealth and income, account for 6-8 % of the variance in measures of life satisfaction and mental health, and 19-21 % of the variance in measures of satisfaction with financial situation and financial stress
    corecore