{"id":195175,"date":"2021-03-05T22:21:00","date_gmt":"2021-03-05T19:21:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/people-who-make-more-money-feel-better-about-themselves-research-says\/"},"modified":"2021-03-05T22:21:00","modified_gmt":"2021-03-05T19:21:00","slug":"people-who-make-more-money-feel-better-about-themselves-research-says","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/people-who-make-more-money-feel-better-about-themselves-research-says\/","title":{"rendered":"#\n  People who make more money feel better about themselves, research says"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a41caefbcae1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a41caefbcae1\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/people-who-make-more-money-feel-better-about-themselves-research-says\/#Higher_income_was_linked_to_more_confidence_and_pride_and_lower_income_to_shame_and_sadness\" >Higher income was linked to more confidence and pride, and lower income to shame and sadness<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/people-who-make-more-money-feel-better-about-themselves-research-says\/#Nicole_Lyn_Pesce\" >Nicole Lyn Pesce<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  People who make more money feel better about themselves, research says<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Higher_income_was_linked_to_more_confidence_and_pride_and_lower_income_to_shame_and_sadness\"><\/span>\n  Higher income was linked to more confidence and pride, and lower income to shame and sadness<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000189911\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       They say money can\u2019t buy you h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>iness \u2014 but it appears that making more of it makes you feel much better about yourself.\u00a0<\/p>\n<p> A new study published in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.apa.org\/pubs\/journals\/releases\/emo-emo0000933.pdf\" class=\"icon none\">the American Psychological Association journal Emotion<\/a> looks at how a person\u2019s income influences their \u201cself-regard emotions,\u201d aka their pride, confidence, shame, etc.\u00a0<\/p>\n<div class=\"paywall\">\n       Researchers from the United States and\u00a0Singapore analyzed data from 1.6 million people across 162 countries. And they found \u201cconsistent evidence\u201d that people with higher incomes looked at themselves and their lives more favorably than those with lower incomes \u2014 regardless of whether they were living in a high-income country or a developing country. Having a higher income predicted whether people felt more positive self-regard emotions, including confidence, pride and determination. But lower income predicted more negative self-regard emotions, such as sadness, fear and shame.\u00a0<\/p>\n<p>And those feelings stick. The researchers also looked at a longitudinal study of more than 4,000 Americans over time, and they found that higher income still predicted higher levels of self-regard 10 years after the initial survey, while lower income predicted greater levels of negative self-regard emotions lasting a decade later.\u00a0<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetPullQuote\n            inline\n    scope-web|mobileapps\n  article__inset\n          article__inset--type-InsetPullQuote\n            article__inset--inline\n  \"><\/p>\n<div class=\"wsj-article-pullquote article__inset__pullquote \">\n<p class=\"pullquote-content article__inset__pullquote__quote\">\n        <span class=\"l-qt article__inset__pullquote__mark--left\">\u201c<\/span><br \/>\n        \u201cHaving more money can inspire confidence and determination, while earning less is associated with gloom and anxiety.\u201d<br \/>\n        <span class=\"r-qt article__inset__pullquote__mark--right\">\u201d<\/span><\/p><\/div>\n<\/p><\/div>\n<p>       It should be noted that the findings are correlational, so the study cannot definitively prove that making more or less money causes these feelings; it suggests a link between them.\u00a0<\/p>\n<p> \u201cThe effects of income on our emotional well-being should not be underestimated,\u201d said Dr. Eddie M. W. Tong, an associate professor of psychology at the National University of Singapore, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.apa.org\/news\/press\/releases\/2021\/03\/higher-income-pride-confidence\" class=\"icon none\">in a statement<\/a>. \u201cHaving more money can inspire confidence and determination, while earning less is associated with gloom and anxiety.\u201d<\/p>\n<p>This report is the latest look at how income and net worth can become tied to a person\u2019s self-worth.\u00a0<\/p>\n<p>Obviously, having more money gives greater access to essential resources like housing, food, health care and education. It can pay for some peace of mind. A recent California universal-income experiment saw test subjects reporting lower rates of anxiety and depression after getting $500 a month for two years, suggesting that guaranteed income can alleviate the stress of living in poverty while providing the financial security needed to find jobs and stay out of debt.\u00a0And getting rid of debt has also been shown to help the brain work better, as being debt-free takes the weight off the mind that clears up cognitive functioning, lessens anxiety and improves impulse control.<\/p>\n<p>That\u2019s especially noteworthy as the COVID-19 pandemic has wreaked havoc on physical, emotional and financial health. More than half of U.S. adults (53%) report that coronavirus-related stress and worry have negatively affected their mental health, according to a\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.kff.org\/coronavirus-covid-19\/report\/kff-health-tracking-poll-july-2020\/\" class=\"icon none\">Kaiser Family Foundation poll<\/a>\u00a0conducted last July. And women, Black adults, younger adults, and people who have had trouble affording household expenses due to the pandemic\u2019s financial impact were more likely to report a negative impact on their mental health.<\/p>\n<p><strong>Read more: <\/strong>Advice for Salesforce staff who reported having a mental-health issue \u2014 and all workers during the COVID-19 pandemic<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p><strong>And don\u2019t miss: <\/strong>How to protect your mental health and fight \u2018COVID fatigue\u2019 this winter<\/p>\n<p>So what\u2019s the income sweet spot? Psychologists from Purdue University and the University of Virginia analyzed World Gallup Poll data from 1.7 million people in 164 countries in 2018, cross-referencing earnings with life satisfaction. They concluded that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.purdue.edu\/newsroom\/releases\/2018\/Q1\/money-only-buys-happiness-for-a-certain-amount.html\" class=\"icon none\">the ideal income for individuals is $95,000 a year<\/a> for life satisfaction, and $60,000 to $75,000 a year for emotional well-being. In comparison, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>n household income was $68,703 in the U.S. in 2019, according to the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.census.gov\/library\/publications\/2020\/demo\/p60-270.html\" class=\"icon none\">latest Census Bureau data<\/a>.\u00a0<\/p>\n<p>Families would need more, of course. But the report was also eye-opening in suggesting that emotional well-being capped at $75K, and more income didn\u2019t make a difference after that.<\/p>\n<p><strong>Read more: <\/strong>Psychologists say they\u2019ve found the exact amount of money you need to be happy<\/p>\n<p>Additional research also suggests that money buys <em>more<\/em> happiness than it used to, as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/doi.apa.org\/doiLanding?doi=10.1037%2Femo0000774\" class=\"icon none\">another study published in the journal Emotion last year<\/a> found that the link between socioeconomic status (including income, education and occupational prestige) and happiness grew steadily stronger between the 1970s and the 2010s. And there was no happiness plateau at higher levels of income in this report; adults making $160,000 or more were definitely happier than those making less than $160,000.\u00a0<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Nicole Lyn Pesce\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Nicole_Lyn_Pesce\"><\/span>Nicole Lyn Pesce<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D2E5D7FCAC66%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# People who make more money feel better about themselves, research says &#8221; Higher income was linked to more confidence and pride, and lower income to shame and sadness They say money can\u2019t buy you happiness \u2014 but it appears that making more of it makes you feel much better about yourself.\u00a0 A new study&#8230;<\/p>\n","protected":false},"author":1,"featured_media":195176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-195175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/195175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=195175"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/195175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/195176"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=195175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=195175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=195175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}