From Rags To Riches: Examining Teacher Perceptions Of The Influence Of Financial Literacy On The Psychological Well-Being Of Military-Connected Students In Kindergarten Through Grade Twelve, Cynthia Fletcher Davis

Doctoral Dissertations and Projects

The purpose of this quantitative study was to examine teacher perceptions as related to the influence of financial literacy on the psychological well-being of military-connected students in kindergarten through grade twelve. Financial literacy among students serves a vital function in the development of financially literate adults. A lack of financial resources has been linked to depressive symptoms, marital discourse, and suicide. Financial literacy includes the knowledge and skills required to make enlightened and effective decisions with money. The theory guiding this study was Constructivism as formulated by Jean Piaget. Constructivism provides for the incorporation of new information within existing constructs …

Book Review Of Mind Over Money: The Psychology Of Money And How To Use It Better By Claudia Hammond, Stephen Molchan

Journal of Social, Behavioral, and Health Sciences

Mind Over Money: The Psychology of Money and How to Use It Better, by Claudia Hammond, explores research in psychology, neuroscience, biology, and behavioral economics related to how individuals interact with and manage money. Hammond is a broadcaster on the BBC, writer, and professor of psychology. In Mind Over Money: The Psychology of Money and How to Use It Better, Hammond uses captivating interviews, presents stories a broad audience can relate to, and cites multiple research studies to show the psychology of money. Throughout the book, Hammond not only presents readers with the research, 263 studies are mentioned, …

Female Breadwinners, Money And Shame: How Financial Planners Can Help, Heath Carelock, Darren Hinds, Sabina Lewis, David Hoffman, Meghaan Lurtz

Journal of Financial Therapy

Women who earn more than their male spouses, in a heterosexual relationship, are a growing underrepresented group. Some female breadwinners feel shame related to the reversal of traditional gender roles. These feelings of shame can interfere with the financial planning process. Five interventions are provided as examples of how financial planners, financial therapists, or financial counselors and other financial professionals can help female breadwinners with shame issues. Whether a planner uses one of these interventions, some other intervention, or no intervention at all will depend on their training and level of competence. Using an intervention can help a female breadwinner …

Are Gaming And Gambling Disorders Related? Examining The Roles Of Money, Relative Deprivation, And Upward Mobility, Anthony J. King

UNLV Theses, Dissertations, Professional Papers, and Capstones

Few studies have examined the financial motives and risks involved in modern video games, as well as the psychosocial factors contributing to this type of gaming involvement. Previous research on gambling has shown financial motives alone to be a major risk factor for the development of gambling disorder, with higher levels of personal relative deprivation (PRD) identified as a main contributor to this relationship. Therefore, the present study investigated whether this association applied to US adult video gamers, and if it would predict their problematic gaming behaviors. We hypothesized PRD and gaming disorder severity would have a positive association, with …

How Do Money, Sex, And Stress Influence Marital Instability?, E. Jeffrey Hill, David B. Allsop, Ashley B. Lebaron, Roy A. Bean

Journal of Financial Therapy

This study explored how money and sex simultaneously predicted marital instability, and what financial therapists might focus on with clients to address problems in these areas. Specifically, this paper concurrently examined the relationship of marital instability to financial and family stressors (financial stressors, work-family conflict, and parenting stressors); financial and sexual resources (couple income and couple sexual frequency); and financial and sexual perceptions (financial dissatisfaction and sexual dissatisfaction). Couple financial communication and couple relational communication were explored as intervention points for financial therapists. Data came from Wave 2 of the Flourishing Families data set (N = 301). Data were organized …

Book Review: The Seven Principles For Making Marriage Work, Neal Van Zutphen

Journal of Financial Therapy

The Seven Principles for Making Marriage Work is a relationship self-help book for individuals who have chosen to be in a relationship and also those who aspire to be in a relationship. This book has proven helpful to those in relationship counseling and coaching professions as well. The book covers why marriages work and why they fail. The seven principles provide the roadmap to ways of being together and methods for resolving conflicts and solving problems, including money.

Perceptions Of Money: Relationships Between Remembered Parental Rejection, Extrinsic Life Aspirations And Maladaptive Attitudes Toward Money, Rebecca J. Smith

Dissertations, Theses, and Capstone Projects

This study examined the extent to which maternal rejection, paternal rejection, maternal care, and maternal overprotection predict extrinsic life aspirations as well as maladaptive money attitudes in young adults. Additionally, this study sought to determine if the Adult Parental Acceptance-Rejection Questionnaire correlates with the Parental Bonding Instrument. The variable, extrinsic life aspirations, was examined to determine if it mediates between parental rejection and maladaptive money attitudes. Finally, the present study examined gender differences with regard to parental rejection, extrinsic life aspirations, and maladaptive money attitudes. A multiple regression analysis was conducted in a college sample of 366 participants using self-report …

For A Dollar, Would You…? How (We Think) Money Affects Compliance With Our Requests, Vanessa K. Bohns, Daniel A. Newark, Amy Z. Xu

Vanessa K. Bohns

Research has shown a robust tendency for people to underestimate their ability to get others to comply with their requests. In five studies, we demonstrate that this underestimation-of-compliance effect is reduced when requesters offer money in exchange for compliance. In Studies 1 and 2, participants assigned to a no-incentive or monetary-incentive condition made actual requests of others. In both studies, requesters who offered no incentives underestimated the likelihood that those they approached would grant their requests; however, when requesters offered monetary incentives, this prediction error was mitigated. In Studies 3-5, we present evidence in support of a model to explain …

Time, Money, And Happiness: Does Putting A Price On Time Affect Our Ability To Smell The Roses?, Scott Connors, Mansur Khamitov, Sarah Moroz, Lorne Campbell, Claire Henderson

Psychology Publications

DeVoe and House (2012; Experiment 3) demonstrated that the process of thinking about one’s income in relation to time (i.e., as an hourly wage) affected the enjoyment that participants derived from pleasurable experiences. Participants compelled to think of “time is money” experienced more impatience and less enjoyment in reaction to listening to a pleasurable piece of music compared to participants not asked to think of time as money. These effects were attenuated when participants were financially compensated for this leisure time. This suggests that putting a price on time can influence enjoyment of leisure activities, depending on the degree to …

Rising Income And The Subjective Well-Being Of Nations, Ed Diener, Louis Tay, Shigehiro Oishi

Research Collection School of Social Sciences

We explored whether rising income in nations is associated with increasing subjective well-being (SWB), with several advances over earlier work. Our methods are improved in that across time, the same well-being questions were asked in the same order, and we employed broad and equivalent representative samples over time from a large number of nations. We also assessed psychosocial factors that might mediate the relation of income and SWB. We found that changes in household income were associated with concomitant changes in life evaluations, positive feelings, and negative feelings. The effects of gross domestic product (GDP) change were weaker and significant …

Cash In Hand, Want Better Looking Mate: Significant Resource Cues Raise Reported Mating Standards In Men, Jose C. Yong, Norman P. Li

Research Collection School of Social Sciences

Resources are a cardinal component of male mate value in the sexual exchange between men and women. Inspired by theories and research suggesting a link between mating and resource constructs as well as studies linking money and valuations of others, the current study tests the hypothesis that cues to resource availability may lead to higher mating standards for men, but not women. Participants were exposed to either stacks of paper, a small sum of money (104 Singapore dollars ~USD$84), or a large sum of money (2600 Singapore dollars ~USD$2100). Consistent with the hypothesis, after male – but not female – …

Well-Being On Planet Earth, Ed Diener, William Tov

Research Collection School of Social Sciences

The Gallup World Poll allows a look at how humanity is flourishing, based on the answers of survey respondents sampled from across the globe. Several conclusions are clear. First, how people are doing depends enormously on the society in which they live, and nations vary from doing very well to extremely poorly. In terms of subjective well-being, nations vary greatly, in both judgments of overall life and in positive and negative emotions. The best predictors of global life judgments were income and ownership of modern conveniences, whereas the best predictors of emotions were social factors such as the control of …

Studying Gambling Experimentally: The Value Of Money, Jeffrey N. Weatherly, Ellen Meier

Analysis of Gambling Behavior

Determining whether “gambling” behavior in the laboratory differs as a function of whether or not participants are risking actual money is important because the outcome will determine whether results from laboratory research can be genera-lized to actual gambling. Eighteen participants played video poker in two sepa-rate sessions. In one, they risked credits that had no monetary value and in the other they risked credits worth money. Results showed that participants played a similar number of hands and played with similar accuracy regardless of whether or not the credits had monetary value. However, participants risked significantly fewer credits when the credits …

Euro-Psychology: When Money Is More Than Money, Ibpp Editor

International Bulletin of Political Psychology

This article describes some psychological roles of money and the import of these roles for domestic and international economics. The coming of the euro is used as an example.