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Longitudinal Study: HILDA
Title: Personality trait level and change predict future financial well-being: A longitudinal study in Australia
Authors: Joshanloo, Mohsen 
Publication Date: Jun-2022
Pages: 111575
Abstract: This study examined whether Big Five personality traits and their longitudinal trajectories can predict future levels of subjective financial well-being. Data were obtained from the Household, Income, and Labour Dynamics in Australia (HILDA) survey (N = approximately 11,300). Personality traits were measured four times between 2005 and 2017, while subjective financial well-being was measured in 2020 and served as a distal outcome. Results of latent growth curve analysis showed that initial levels of emotional stability and conscientiousness and their rates of change predicted future levels of subjective financial well-being. Individuals with higher initial levels and larger increases in emotional stability and conscientiousness were more likely to have higher future levels of financial well-being.
DOI: 10.1016/j.paid.2022.111575
Research collection: Journal Articles
Appears in Collections:Journal Articles

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