LIFE SATISFACTION AND ATTITUDE OF YOUNG PEOPLE

Abstract

The connection of life satisfaction with the attitude towards money in young people is analyzed in this article.  There is one of the most studied question: does happiness and life satisfaction depend on incomes. This question is relevant for nowadays  on account of changes in the monetary values of modern Ukrainian youth.  The research procedure using the four methods is described such as «Index of Life Satisfaction» (N. Panina), «Test of the diagnosis of satisfaction with life» (A. Belousova), «Subjective economic well-being» (V. Khaschenko), «The scale of monetary representations and behavior» (M. Simkiv). According to the results of the empirical research, it was found that the negative money settings (monetary obsession, inadequate behavior with money, perception of money as a tool of power and influence) worsen the emotional component of life satisfaction (mood), reduce satisfaction with life in the sphere of love. Economic optimism, calm and balanced attitude towards money, feeling that your own abundance corresponds one’s own needs helps a person to feel satisfied with life, and achieve of the set goals. The results of the research allow emphasizing the importance of developing special programs for the development of financial literacy for teens and young people