Effect of Materialism on Satisfaction with Life among Students: Role of Social Comparison Discrepancy
Keywords:
Social Emotional Learning, Peer Relationship, Academic Achievement, University Students Abbreviation: Social Emotional Learning (SEL), Peer Relationship (PR), Academic Achievement (AA), University Students (US)Abstract
Previous study has illustrated that materialism is negatively related to quality of life. Present study broadens this body of research by examining the mediating and moderating role of dissatisfaction with standard of living and social comparison discrepancy on direct relationship between materialism and satisfaction with life. Two broad hypotheses were tested in current study: dissatisfaction with standard of living and social comparison discrepancy mediated the indirect effect of materialism on satisfaction with life and social comparison discrepancy moderates the indirect effect of materialism on satisfaction with life through dissatisfaction with standard of living. Results shows that materialism is negatively related to satisfaction with life mediated by dissatisfaction with standard of living and this indirect effect is moderated by social comparison discrepancy. The recent research is based on bottom up vertical spillover effect of subjective wellbeing and Festinger’s theory of social comparison.
Keywords: Materialism; Dissatisfaction with standard of living; Satisfaction with life; Social comparison discrepancy.
