The value of a purposeful life: Sense of purpose predicts greater income and net worth |
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| Affiliation: | 1. Department of Neurology, Emory University School of Medicine, Atlanta, GA;2. Xiangya Hospital, Central South University, Changsha, Hunan, China;3. Department of Psychiatry and Behavioral Sciences, Emory University School of Medicine, Atlanta, GA;4. Rush Alzheimer''s Disease Center, Rush University Medical Center, Chicago, IL;5. Division of Mental Health, Atlanta VA Medical Center, Decatur, GA;6. Department of Human Genetics, Emory University School of Medicine, Atlanta, GA;1. University at Buffalo, The State University of New York, Department of Psychology, 224 Park Hall, Buffalo, NY 14260, USA;2. University at Buffalo, The State University of New York, Department of Psychology, 303 Park Hall, Buffalo, NY 14260, USA;1. Department of Psychological and Brain Sciences (GNP, PLH), Washington University in St. Louis, St. Louis, MO;2. Department of Communication and Media Research (MH), University of Zurich, Zurich, Switzerland;3. Department of Psychology (MA), University of Zurich, Zurich, Switzerland;4. University Research Priority Program Dynamics of Healthy Aging Research, University of Zurich (MH, MA), Zurich, Switzerland |
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| Abstract: | Having a sense of purpose in life appears valuable across life domains, though it remains unclear whether purpose also provides financial value to individuals. The current study examined sense of purpose as a predictor of concurrent and longitudinal income and net worth levels, using two waves of the MIDUS sample of adults (N = 4660 across both assessments). Participants who reported a higher sense of purpose had higher levels of household income and net worth initially, and were more likely to increase on these financial outcomes over the nine years between assessments. Interaction tests suggested some evidence of age moderation, but gender did not appear to moderate the influence of purpose on economic outcomes. |
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| Keywords: | Purpose In life Net worth Income Age moderation |
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