(1993). Financial satisfaction and assessment of financial progress: Importance
of money attitudes. Financial Counseling and Planning, 4, 181-198.
and Assessment of Financial Progress:
Importance of Money
Mari S. Wilhelm1,
Karen Varcoe2, and Angela Huebner Fridrich3
A survey of 280 males and 279 females living in rural Arizona and
California was used to explore the importance of money beliefs (obsession,
retention, power/spending, and effort/ability). after controlling for objective
indicators of financial well-being (income, value of assets, and amount
of debt). in predicting appraisals of financial satisfaction and perception
of financial progress. Results of a hierarchical model of stepwise regression
suggest that money beliefs contribute more to predicting an individual’s
financial satisfaction than to perception of financial progress. Results
also indicate gender differences in the role of money beliefs in predicting
financial satisfaction and perception of financial progress.
Key Words: attitudes, satisfaction
Affiliations at the time of publication:
of Family and Consumer Studies, School of Family and Consumer Studies,
University of Arizona, Tucson, AZ 85721. Phone: (602) 621-7127. Fax: (602)
297-8752. E-mail: firstname.lastname@example.org
Division of Agriculture and Natural Resources, University of California,
School of Family and Consumer Resources, University of Arizona, Tucson,
AZ 85721, (602) 621-7127.