Money obsession, social adjustment, and economic risk perception

The present study aimed at investigating whether individual views on the importance of money are differentially linked to social adjustment as well as to economic risk perception. The analysis was based on 212 respondents who filled out questionnaires containing items measuring money attitudes, psychological constructs of social adaptation, economic risk perception and monetary behavior. Results suggested that money obsession was linked to a lower degree of social adjustment. They further showed that a high importance attached to money was to a significant degree explained by the perception of running a higher risk of economic loss.