The Relationship between Salary and Perceived Financial Comfort among Graduates of a Developmental Education Program

College students cite improved economic potential as one of the primary reasons for attending college. However, in the general population, correlations between objective financial circumstances and psychological satisfaction with them are surprisingly weak. It has been hypothesized that the magnitud...

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Bibliographic Details
Published inResearch & teaching in developmental education Vol. 26; no. 1; pp. 10 - 18
Main Authors Roszkowski, Michael J., Goetz, Joseph W.
Format Journal Article
LanguageEnglish
Published Canandaigua New York College Learning Skills Association 01.10.2009
New York College Learning Skills Association, Developmental Studies Department
Subjects
Benchmarking
College Attendance
College graduates
College Students
Colleges
Correlation
Correlations
Developmental education
Developmental Studies Programs
Economic Factors
Economic history
Economic research
Economic Status
Economics
Educational research
Error of Measurement
Family Income
Financial counseling
Financial status
Higher education
Income distribution
Institutional Research
Marital Status
Planning
Psychology
Reference Groups
Socioeconomics
Wellbeing
United States > US
Pennsylvania
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Summary:College students cite improved economic potential as one of the primary reasons for attending college. However, in the general population, correlations between objective financial circumstances and psychological satisfaction with them are surprisingly weak. It has been hypothesized that the magnitude of the correlation between objective and subjective financial well-being may depend on prior economic history. We investigated the relationship between actual salary and perceived financial comfort in a sample consisting of formerly economically disadvantaged college graduates who finished a developmental education program. There was a modest positive correlation between the measures of objective and subjective economic status, which was within range of correlations determined in prior studies on the basis of the general population.
ISSN:1046-3364
2767-4320