Attitude towards money among young adults versus positive orientation and self-esteem

Abstract

Objectives These studies investigate a relationship between positive orientation, self-esteem, and attitudes towards money in young adults. The Covid-19 pandemic has left a significant mark on the lives of many people and young adults are particularly at risk because they do not have a stable position in the labour market. Material and methods The group of respondents was manually restricted to young adults, so analyses were conducted on a group of 296 people. Responses were collected online, through the Cognito Forms. Tools were used in the research: the author's sociodemographic questionnaire, the P Scale to measure the intensity of positive orientation, the Morris Rosenberg SES Self-Esteem Scale to measure self-esteem, and SPP-25 to measure attitudes towards money. Results There were 2 main hypotheses in the study: hypothesis one assuming a relationship between positive orientation and attitudes toward money, and hypothesis two assuming a relationship between self-esteem and attitudes towards money. All main hypotheses were confirmed. In addition, 9 detailed hypotheses were put forward regarding the correlation of individual dimensions of attitudes towards money and positive orientation and self-esteem. Conclusions Obtained results are of a practical nature and can be used, inter alia, in individual work with people who want to improve their financial situation. Research has shown that people with higher self-esteem and a greater intensity of positive orientation exhibit instrumental attitudes to a greater extent, and symbolic attitudes to a lesser extent. Young adults were the subject of the study, therefore results cannot be generalized to the entire population. It is justified to conduct research also in other age groups.

Keywords

• self-esteem
• young adults
• positive orientation
• attitude towards money
• psychology of money