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Household Income, Satisfaction with Standard of Living, and Subjective Well-Being. The Moderating Role of Happiness Materialism

  • Grace B. YuEmail author
  • Dong-Jin Lee
  • M. Joseph Sirgy
  • Michael Bosnjak
Research Paper

Abstract

The goal of this paper is to report a study that tested the moderation effect of materialism on the relationship between household income and satisfaction with standard of living (SOL) and subjective well-being. Through a study among 5240 employed members of a representative survey panel in Germany, we found that household income has a positive influence on satisfaction with SOL (as hypothesized), which in turn has a positive impact on subjective well-being (as hypothesized). We also found that the positive income-SOL satisfaction relationship is negatively moderated by happiness materialism (as hypothesized) and that happiness materialism is positively associated with frequent SOL evaluations based on ideal expectations (also as hypothesized). Theoretical and managerial implications are discussed.

Keywords

Household income Satisfaction with standard of living Subjective well-being Domain satisfaction Frequent evaluations of standard of living 

Notes

Acknowledgements

The authors identified on this page conducted the research reported in this paper independently and without financial support from any source. Similarly, publication of the paper will not accrue any financial benefit to any of the authors either separately or together.

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Copyright information

© Springer Nature B.V. 2019

Authors and Affiliations

  1. 1.Duksung Women’s UniversitySeoulSouth Korea
  2. 2.Yonsei UniversitySeoulSouth Korea
  3. 3.Virginia Polytechnic Institute & State UniversityBlacksburgUSA
  4. 4.University of Trier and ZPID-Leibniz Institute for Psychology InformationTrierGermany

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