Daydreaming about an ideal life, it can be easy to slip into fantasies about wealth — there’s a reason, after all, that “winning the lottery” is the ultimate dream for so many people. The reality of being rich, however, often doesn’t match that dream, with some research suggesting that people who prioritise time are much happier than those who prioritise money.
A new study in the Personality and Social Psychology Bulletindrives home the message that money really isn’t everything. The team finds that “financially contingent self-worth” — self-esteem based on financial success — can leave people feeling lonely and disconnected. Continue reading →