Download ”The Comparison Trap: How Social Comparisons Affect Our Financial Well-Being”

 

“Keeping up with the Joneses” is embedded in American culture. No matter how far someone has come in life, there always seems to be someone else who’s done more, has more, earns more. And this can affect the way people feel about their financial status.

 
 

In this paper, you will learn:

  • Income or wealth isn’t the be-all, end-all for a person’s financial well-being

  • Certain mental factors, that you can control, have strong associations with positive financial emotions

  • Comparing yourself to people that make you feel empowered can improve your financial health