moneyaffects
Moneyaffects refer to the emotional and affective responses that arise from money-related situations, including earning, possessing, spending, saving, debt, and financial risk. The concept encompasses a range of emotions such as security, pride, guilt, envy, anxiety, relief, and gratitude that people experience in relation to money. Moneyaffects are shaped by individual finances, social norms, and cultural context and can influence decision making and behavior beyond purely economic calculations.
The effects of money on emotion operate through multiple mechanisms. Relative comparison and status signaling can
Research findings on moneyaffects indicate a nuanced relationship between money and well-being. Income generally improves life
Measurement approaches include self-report scales, experience sampling, and laboratory priming studies. Cross-cultural differences, individual circumstances, and