• Korean Journal of Culture and Social Issue
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• v.24 no.1
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• pp.79-99
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• 2018

Studies find that money spent for others (vs self) increases happiness. This study examines whether the hedonic benefit of prosocial spending varies according to one's level of loneliness. Given that prosocial spending strengthens social bonding, social spending was expected to have a greater impact on the happiness of lonely individuals. This prediction was supported in two studies that employed different measurements of prosocial spending (typical spending habit, Study 1; resource allocation task, Study 2) for predicting happiness either at the trait- (Study 1) or state-level (Study 2). In short, lonely people seem to benefit more from prosocial spending than less lonely counterparts. This research contributes to the prosocial spending and happiness literature by shedding light on an important individual difference factor, loneliness.

• Journal of Distribution Science
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• v.20 no.11
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• pp.1-9
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• 2022

Purpose: This study determines the effect of spending distribution, namely experiential, impulsive, self-expressive, prosocial, and conspicuous spending, on the financial well-being of young working women in Malaysia. Research design, data and methodology: This study employed a quantitative and deductive approach. A sample of 400 young working women was selected using a systematic sampling technique. Data were collected using a self-administered questionnaire and analysed using Structural Equation Modelling (CB-SEM). Results: The findings revealed prosocial and impulsive spending as the significant spending distribution to affect financial well-being. The effect of prosocial spending is positive on financial well-being, while the effect of impulsive spending is a negative predictor of financial well-being. All other spending distribution - experiential, self-expressive, and conspicuous spending - do not have a significant effect on financial well-being. Conclusion: To achieve financial well-being, young working women need to distribute the spending budget for the happiness of others and reduce impulse buying. The findings provide useful insights on the significant role of spending distribution in influencing, how to fuel young working women to develop good spending habits that consequently improve their financial well-being, for themselves and Malaysian economics, as well as the plausible solution to overcome financial problems and high indebtedness.