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Full-Text Articles in Psychology
Older Adults’ Life Satisfaction: The Roles Of Seeking Financial Advice And Personality Traits, Swarn Chatterjee, Lu Fan
Older Adults’ Life Satisfaction: The Roles Of Seeking Financial Advice And Personality Traits, Swarn Chatterjee, Lu Fan
Journal of Financial Therapy
This paper uses 1,237 respondents from the Health and Retirement Study dataset to examine the relationships among personality, financial advice-seeking, and life satisfaction of U.S. older adults. The results indicate that extraversion is negatively associated with seeking professional financial advice, while conscientiousness and openness were associated positively with seeking professional financial advice. Individuals with a neurotic personality trait were positively associated with seeking financial advice from families and friends. Additionally, seeking professional financial advice, and being extraverted and conscientious, were positively associated with life satisfaction among older adults. The implications for financial therapists and counselors include suggestions for implementation of …
Describing Gambling Affinity: The Role Of Personality Traits, John Grable, So-Hyun Joo, Eun Jin Kwak
Describing Gambling Affinity: The Role Of Personality Traits, John Grable, So-Hyun Joo, Eun Jin Kwak
Journal of Financial Therapy
This study was undertaken to determine the degree to which personality dimensions provide insights into who is likely to gamble a significant dollar amount at a casino. Using measures of the Big Five, respondents were grouped into one of the following four personality clusters: (a) Moderate Trait Scores, in which no trait dimension was dominant; (b) Elevated Trait Scores, where a respondent scored highly across trait dimensions; (c) Agreeably Conscientious, in which a respondent scored highly on the agreeableness and conscientious trait domains; and (d) Highly Extraverted, where a respondent’s dominant trait dimension was extraversion. Respondents who were classified as …