Role of Psychological Characteristics in Optimising the Subjective Sense of Economic Wellpbeing

The paper focuses on personal determinants (self-esteem, coping strategies, locus of control) of subjective economic well.being. On the first stage of research the most effective subjective economy.related predictors of satisfaction with life and happiness were found. Future changes expectations turned out to be the best subjective economy.related predictor of happiness, while satisfaction with standard of living explained the biggest percent of variance in satisfaction with life. On the second stage psychological correlates of subjective economic well-being' components were determined. The study also contributes to investigation of the problem of distinction between the cognitive and affective aspects of subjective quality of life.