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Correlational findings

Study Nickerson et al. (2003): study US 1976

Public:
Students USA, followed 20 years 1976-1995-97
Sample:
Respondents:
N = 12894
Non Response:
45%
Assessment:
Questionnaire: paper

Correlate

Authors's label
Financial Goal
Our Classification
Operationalization
Selfreport on single question:

The importance to you personally of being very well off financially?
1: not important
2: somewhat important
3: very important
4: essential

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-SLu-c-sq-v-5-i b = -.04 p < .0001 T1 financial goals by T2 happiness O-SLu-c-sq-v-5-i b = -.04 p < .0001 B controlled for T2 income

Effect of materialism at T1 on happiness at T2 diminished to zero at highest income level.