Study says people who enter adulthood during a downturn are less self-obsessed

Posted on June 13, 2014

Photo: flickr

Children who grow up in a recession are more likely to become well-rounded adults than those who enjoy an easy start to life, a psychological study has found.

Analysis of the characteristics of 35,000 people found that those who entered adulthood during economic downturns were less likely to be self-obsessed.

Psychological scientist Emily Bianchi, of Emory University in Atlanta, Georgia, said: 'These findings suggest that economic conditions during this formative period of life not only affect how people think about finances and politics, but also how they think about themselves and their importance relative to others.'

When people are young adults they are charting their own course for the first time - and their experiences affect them a great deal.

The state of the economy has perhaps the greatest impact on the young. In a downturn young adults are the last to be hired and the first to be fired.

The paper said: 'As in study one, people who came of age in worse economic environments were less likely to regard themselves as unique, special and deserving.' Similar results emerged in the third study, which focused on how much chief executives paid themselves.

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Category(s):Adult psychological development

Source material from Daily Mail

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