Wilhelm, M. S., Varcoe, K. & Fridrich, A. H. (1993). Financial satisfaction and assessment of financial progress: Importance of money attitudes. Financial Counseling and Planning, 4, 181-198.

Financial Satisfaction and Assessment of Financial Progress:
Importance of Money Attitudes

Mari S. Wilhelm1, Karen Varcoe2, and Angela Huebner Fridrich3

A survey of 280 males and 279 females living in rural Arizona and California was used to explore the importance of money beliefs (obsession, retention, power/spending, and effort/ability). after controlling for objective indicators of financial well-being (income, value of assets, and amount of debt). in predicting appraisals of financial satisfaction and perception of financial progress. Results of a hierarchical model of stepwise regression suggest that money beliefs contribute more to predicting an individual's financial satisfaction than to perception of financial progress. Results also indicate gender differences in the role of money beliefs in predicting financial satisfaction and perception of financial progress.
Key Words: attitudes, satisfaction

Affiliations at the time of publication:

1. Mari S.Wilhelm, Associate Professor, Department of Family and Consumer Studies, School of Family and Consumer Studies, University of Arizona, Tucson, AZ 85721. Phone: (602) 621-7127. Fax: (602) 297-8752. E-mail: wilhelmm@ag.arizona.edu

2. Karen Varcoe, Consumer Economics Management Specialist, Division of Agriculture and Natural Resources, University of California, Riverside.   E-mail:karen.varcoe@ucr.edu

3. Angela Huebner Fridrich, M.S., Family Studies, School of Family and Consumer Resources, University of Arizona, Tucson, AZ 85721, (602) 621-7127.

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