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Updated: Jul 12, 2026

Assessment of Age-related Changes in Cognitive Functions Using EmoCogMeter, a Novel Tablet-computer Based Approach

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Published on: February 14, 2014

Income, age and financial satisfaction.

Chang-ming Hsieh¹

¹Jane Addams College of Social Work, University of Illinois at Chicago, 60607-7134, USA. chsieh@uic.edu

International Journal of Aging & Human Development

|October 10, 2003

Summary

Income and age significantly impact financial satisfaction. Social-psychological factors, not just status, explain how age affects income

Area of Science:

Social Psychology
Economics

Background:

Subjective well-being research extensively covers income and age effects.
Limited research exists on how income and age specifically influence financial satisfaction.

Purpose of the Study:

To empirically investigate the effects of income and age on financial satisfaction.
To explore the underlying social-psychological mechanisms driving age-related differences in income's impact on financial satisfaction.

Main Methods:

Analysis of data from the General Social Surveys.
Empirical examination of income and age variables in relation to financial satisfaction.

Main Results:

Findings suggest age differences in income's effect on financial satisfaction are complex.

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Published on: February 14, 2014

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Results challenge a simple status attainment versus status maintenance framework.

Conclusions:

The relationship between income, age, and financial satisfaction is nuanced.
Future research should carefully consider income measures and age groupings.