Household Income, Satisfaction with Standard of Living, and Subjective Well-Being. The Moderating Role of Happiness Materialism
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.
KeywordsHousehold income Satisfaction with standard of living Subjective well-being Domain satisfaction Frequent evaluations of standard of living
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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