Perception versus the reality of financial situation: The role of personality traits in the United States

IF 2.5 3区经济学 Q3 BUSINESS

Journal of Consumer Affairs Pub Date : 2023-08-28 DOI:10.1111/joca.12556

Olamide Olajide, Sarah Asebedo, Donald Lacombe, Todd Little

引用次数: 0

Abstract

An individual might have a net worth of $10,000 and believe they are in great shape financially, while another individual might have $100,000 and feel otherwise. Could personality explain this disparity between perception and reality of their financial situation? This study answers this research question using data from the 2018 Health and Retirement Study (HRS). Findings from this study show that conscientious and extraverted consumers believe they are doing better than they are. Conversely, consumers who exhibit traits relating to neuroticism, openness to experience, and agreeableness think their financial situation is worse than it is. These findings have implications for consumers, professional advisors, and policymakers.

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财务状况的感知与现实：人格特征在美国的作用

一个人可能拥有1万美元的净资产，并相信自己的财务状况良好，而另一个人可能有10万美元，但感觉并非如此。个性能解释他们对财务状况的看法和现实之间的差异吗？本研究使用2018年健康与退休研究（HRS）的数据回答了这一研究问题。这项研究的结果表明，有良知和外向的消费者相信他们做得比现在更好。相反，表现出神经质、体验开放性和宜人性特征的消费者认为他们的财务状况比实际情况更糟。这些发现对消费者、专业顾问和政策制定者都有启示。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Consumer Affairs Multiple-

CiteScore

4.60

自引率

17.90%

发文量

期刊介绍： The ISI impact score of Journal of Consumer Affairs now places it among the leading business journals and one of the top handful of marketing- related publications. The immediacy index score, showing how swiftly the published studies are cited or applied in other publications, places JCA seventh of those same 77 journals. More importantly, in these difficult economic times, JCA is the leading journal whose focus for over four decades has been on the interests of consumers in the marketplace. With the journal"s origins in the consumer movement and consumer protection concerns, the focus for papers in terms of both research questions and implications must involve the consumer"s interest and topics must be addressed from the consumers point of view.