Faculty Sponsor, if applicable
Dr. Joseph R. Ferrari
Many are familiar with the phrase "money can't buy you happiness" or "don't let the things you own end up owning you," and current research even seems to suggest that the continual aspiration for wealth is negatively correlated with life satisfaction. However, using variables such as the Self-Extension Tendency Scale and Satisfaction with Life Scale, we sought to understand the relationship between the actual finances, age, satisfaction and the self-identification with personal possessions. Participants indicated their income level and their age, which was then categorized into three groups with young, middle-aged, and older adults. In this study, we examined the ages and income levels with their indicated life satisfaction scores and self-identification with personal possessions.
Type of Research
Junior Year Experiential Learning (JYEL)