Financial capability,money attitudes and socioeconomic status: Risks for experiencing adverse financial events

The risk of experiencing adverse financial events (e.g. bankruptcy) depends on the world economy and on individual differences in financial and psychological variables. Analysing data from 109,472 British survey respondents, this study reports the risks associated with financial capabilities, money attitudes, and socio-economic status for suffering negative financial outcomes. The results show that (1) socio-economic status is associated with financial capabilities but not with money attitudes; (2) money attitudes and financial capabilities are largely independent; (3) money attitudes and financial capabilities each contribute independently to the risk of experiencing adverse financial outcomes, even after adjusting for socio-economic status; and (4) financial capabilities are greater risk factors of adverse financial outcomes than money attitudes; the latter, however, are likely to be promising targets for interventions.     

'Go! Sterilise the fertile with thy rage' envy as embittered desire

This paper is concerned with the operation of envy: it considers its origins and their repercussions, in particular its compulsion to sterilize the evidence of fertility, exemplified by Roger Money-Kyrle's evocation of 'the parental intercourse as the supremely creative act'. The inevitable impact on the analytic relationship is considered in the context of two clinical examples of impasse. It is argued that such fundamentally negative transferences, one full of overt aggression and enactment, the other more covertly sabotaging, derive from envious retaliatory impulses originating in experiences--whether phantasied or factual--of exclusion from the anticipated 'good'. Significant recent Jungian contributions to this area are considered and the absence of references to 'envy'--so characteristic of Kleinian discourse--is noted. The ongoing value of integrating Jungian and Kleinian approaches is affirmed.     

Disentangling within-person changes and individual differences among fundamental need satisfaction, attainment of acquisitive desires, and psychological health

We explored within-person and individual difference associations among basic psychological need satisfaction (autonomy, competence, and relatedness), attainment of acquisitive desires (wealth and popularity) and indicators of well- and ill-being. Participants were 198 undergraduates (51% male) who completed an inventory multiple times over a university semester. Analyses revealed that increased satisfaction of all the needs and desires beyond participants’ normal levels, with the exception of relatedness, were associated with greater psychological welfare. Nonetheless, individual differences in well-being were only predicted by psychological need satisfaction, and not by the attainment of acquisitive desires. Hence, the realization of acquisitive desires may elicit within-person increases in psychological welfare; however, satisfying innate needs may be a better bet for long term psychological health.     

The money attitude of covert and overt narcissists

The money attitude of covert and overt narcissists was studied. Both covert and overt narcissism predicted the power-prestige dimension of money attitude, which were both mediated by the need for social power. Interestingly, the relationship for covert narcissism was also mediated by the fear of negative social evaluation, confirming its socially vulnerable and hypersensitive features. In addition, the anxiety and distrust factors of money attitude were correlated with covert narcissism only. Anxiety was explained by the need for power and avoidance motivation, but no significant mediator was found for distrust. These findings provide evidence to the similarities and differences between the two types of narcissism. They also shed light on narcissists’ money-related behaviors, such as investment strategy and consumer behaviors.     

Money,moral transgressions,and blame

Two experiments tested participants' attributions for others' immoral behaviors when conducted for more versus less money. We hypothesized and found that observers would blame wrongdoers more when seeing a transgression enacted for little rather than a lot of money, and that this would be evident in observers' hand-washing behavior. Experiment 1 used a cognitive dissonance paradigm. Participants (N = 160) observed a confederate lie in exchange for either a relatively large or a small monetary payment. Participants blamed the liar more in the small (versus large) money condition. Participants (N = 184) in Experiment 2 saw images of someone knocking over another to obtain a small, medium, or large monetary sum. In the small (versus large) money condition, participants blamed the perpetrator (money) more. Hence, participants assigned less blame to moral wrong-doers, if the latter enacted their deed to obtain relatively large sums of money. Small amounts of money accentuate the immorality of others' transgressions.     

Anxiety associated with money market dealers — sex and cultural differences

This study examines the predictors of two measures of anxiety, viz. free-floating anxiety and somatic anxiety (Crown & Crisp, 1979), in (a) male and female money market dealers, and (b) money market dealers working in organizations of differing national ownership, in the City of London. Previous research suggests that differences in anxiety may be sex-based, and also that takeovers and mergers, particularly by foreign-based organizations, result in particular anxieties. Following interviews, 225 questionnaires were completed by dealers in the City of London. Analysis of questionnaire data indicates that the sources of anxiety are different for the sexes; and that the sources of anxiety are different for dealers working in U.K.-owned and U.S.-owned financial institutions. The implications of the results and suggestions for future research are discussed.     

Money: a therapeutic tool for couples therapy

This article addresses the therapeutic importance of discussing money at every stage of a couple's relationship, both as a concrete reality and as a metaphor for security, adequacy, competence, commitment, acceptance, and acknowledgment in a relationship. I will present a developmental schema looking at financial issues that couples confront at various stages in the adult life cycle and how these affect and reflect relationship problems. The article also presents a money questionnaire as a useful tool for exploring family-of-origin financial history, affect, and behavior.