Financial success is an important goal, yet striving for it is often associated with negative outcomes. One reason for this paradox is that financial pressures may be tied to basing self-worth on financial success. Studies 1a to 1c developed a measure of Financial Contingency of Self-Worth (Financial CSW), and found that it predicted more financial social comparisons, financial hassles, stress, anxiety, and less autonomy. In response to a financial (vs. academic) threat, higher Financial CSW participants experienced less autonomy, perceived financial problems more negatively, and disengaged from their financial problems (Study 2). When given an opportunity to self-affirm, however, Financial CSW participants did not show diminished autonomy in response to a financial (vs. academic) threat (Study 3). Finally, participants with higher Financial CSW were less likely to make extravagant spending decisions following a financial (vs. health) threat (Study 4). Together, these studies demonstrate the many consequences of staking self-worth on financial success.
The emotion of awe occurs when one feels small relative to something vaster than the self; it leads to benefits such as care for others. However, because awe elicits the experience of a "small self," it is unclear to what extent awe positively versus negatively affects responses to subsequent stressors. If personal obstacles seem trivial in comparison to awe-inspiring stimuli, stressors should seem either manageable or unimportant, but if one's capabilities seem comparatively insignificant, stressors should seem unmanageable. We hypothesized that awe would have a generally positive effect on responses during a subsequent performance stressor, but that this would further depend on whether people tended to spontaneously take on a selfdistanced versus self-immersed perspective. In the face of awe, focusing less on the self (selfdistanced perspective) should make obstacles in particular seem trivial, whereas focusing more on the self (self-immersed) should lead one's capabilities to seem insignificant. Using the biopsychosocial model of challenge/threat, we found that spontaneous self-distancing significantly moderated awe's effects on responses during a subsequent performance stressor (speech task): For participants who self-distanced, the awe condition led to cardiovascular responses consistent with greater challenge than the neutral control condition (reflecting evaluating the stressor as more manageable); for participants who self-immersed, awe predicted relative threat (less manageable stressor). There was no support for awe making people care less about the stressor (as reflected in cardiovascular responses consistent with task engagement).This offers insight into how awe can have divergent effects on people's experiences during performance stressors.
People often search for cues in the environment to determine whether or not they will be judged or treated negatively based on their social identities. Accordingly, feedback from gatekeepers-members of majority groups who hold authority and power in a field-may be an especially important cue for those at risk of experiencing social identity threat, such as women in math settings. Across a series of studies, women who received positive ("Good job!") versus objective (score only) feedback from a male (vs. female) authority figure in math reported greater confidence; belonging; self-efficacy; more favorable Science, Technology, Engineering, and Mathematics (STEM) attitudes/identification/interest; and greater implicit identification with math. Men were affected only by the type of math feedback they received, not by the source of feedback. A meta-analysis across studies confirmed results. Together, these findings suggest that positive feedback from gatekeepers is an important situational cue that can improve the outcomes of negatively stereotyped groups.
Financial conflicts are among the top reasons for dissatisfaction and dissolution in romantic relationships. Beyond economic strain, however, few studies have examined the psychological antecedents of financial conflicts that contribute to relationship satisfaction. The present research examined whether basing one’s self-esteem on financial success was associated with greater perceived financial conflicts with one’s partner and worse relationship outcomes. A cross-sectional study ( N = 167), dyadic study ( N = 193 couples), and a 6-week diary study ( N = 74 couples) revealed that participants with financially contingent self-worth reported having more financial conflicts with their partner, which was associated with lower relationship satisfaction and perceived partner support. In a final experiment ( N = 337), participants who were led to expect many (vs. few) benefits of financial success based their current self-worth more on money, showed greater conflict responses to financial scenarios involving their partner, and reported lower relationship satisfaction and perceived partner support.
Although people may think that money improves one’s relationships, research suggests otherwise. Focusing on money is associated with spending less time maintaining relationships and less desire to rely on others for help. But why does focusing on money relate to worse social outcomes? We propose that when people base their self-esteem on financial success—that is, have financially contingent self-worth—they are likely to feel pressured to pursue success in this domain, which may come at the expense of spending time with close others. Consistent with this idea, results of four cross-sectional studies ( N = 2,439) and a daily diary study ( N = 246) revealed that basing one’s self-worth on financial success is associated with greater feelings of loneliness and social disconnection, and this may be related to experiencing less autonomy and spending less time with family and friends.
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