PSYC 3302 Lecture Notes - Lecture 10: Gallup (Company), Psych, Cortisol
Document Summary
Understand how money (income) is correlated with happiness. Understand how spending can change happiness (or mood) Components of swb: positive emotions, negative emotions, satisfaction, (not to mention broader mental health) What gets done with money also important. Gwp: money & happiness (cf. religion reading coming soon) Swb: pa, na, ladder" satisfaction, social resources (respect, using skills, learning ) Money predicts swb, more for satisfaction: increasing standard of living increases satisfaction. National income predicts above individual: it"s nice to live in a rich society, some, but small, relative deprivation". Rising incomes over time can increase swb (cf. previous, smaller research) Consider materialism (& swb: video: kassar & high price of materialism. Materialistic values go up, pro-social value goes down. Materialism increase, people care less for environment. Exposure to media leads to spending makes one prioritize materialistic values. Spending money on others seems to facilitate happiness (c. f. other pro-social behaviors)