When what one has is enough: Mindfulness, financial desire discrepancy, and subjective well-being
Journal article
Brown, Kirk Warren, Kasser, Tim, Ryan, Richard Michael, Linley, P. Alex and Orzech, Kevin. (2009). When what one has is enough: Mindfulness, financial desire discrepancy, and subjective well-being. Journal of Research in Personality. 43(5), pp. 727 - 736. https://doi.org/10.1016/j.jrp.2009.07.002
Authors | Brown, Kirk Warren, Kasser, Tim, Ryan, Richard Michael, Linley, P. Alex and Orzech, Kevin |
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Abstract | Research has associated financial desire discrepancies (the gap between current and desired states) with poorer subjective well-being (SWB). Because acquiring more wealth appears ineffective in decreasing financial desire discrepancies, we examined whether a theoretically meaningful psychological factor, termed mindfulness, would close the aspiration gap by “wanting what one has,” and thereby enhance SWB. Study 1 revealed that mindfulness was associated with a smaller financial desire discrepancy, which helped explain a positive association between mindfulness and SWB in undergraduates. Two further studies with working adults showed that these results occurred independently of financial status and changes therein. A final, quasi-experimental study with mindfulness trainees extended these findings. Reasons why mindfulness may help to promote the perception of having “enough” are discussed. |
Keywords | mindfulness; desire discrepancy; subjective well-being; wealth |
Year | 2009 |
Journal | Journal of Research in Personality |
Journal citation | 43 (5), pp. 727 - 736 |
Publisher | Academic Press |
ISSN | 0092-6566 |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.jrp.2009.07.002 |
Page range | 727 - 736 |
Research Group | Institute for Positive Psychology and Education |
Place of publication | United States of America |
https://acuresearchbank.acu.edu.au/item/8q574/when-what-one-has-is-enough-mindfulness-financial-desire-discrepancy-and-subjective-well-being
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