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Well-being not a priority for workaholics, researcher says
Date:8/22/2013

e cost of not doing so becomes greater."

According to Asebedo, Becker's theory suggests that not only can working more make a person wealthier but it also creates less leisure time to spend money. As income increases a person may be more likely to work more and create an unhealthy habit.

As a full-time wealth manager for Accredited Investors in Edina,Asebedo has found the research useful in counseling clients. She advises workaholics to be aware of the effect excessive work has on their physical and mental well-being and to be prepared for what they can do to mitigate or counteract the effects during busy work periods.

"From a financial planning and counseling perspective, it's good to be aware of workaholism," Asebedo said. "It helps me understand what can be the cause of my clients' stress. It's just a reminder that you may want to dig a bit deeper into clients' work lives. Sometimes you might find that they don't like what they are doing and they want to make a change, yet financially, they don't know how they can accomplish that."

Asebedo received her bachelor's and master's degrees from Kansas State University. She returned to the university to get her doctorate in personal financial planning through the Division of Continuing Education distance program because she was interested researching the role conflict resolution plays in financial planning.

Data for the study was taken from the National Longitudinal Survey of Youth 1979 cohort, a nationally representative sample of 12,686 young men and women who were interviewed on an annual basis from 1979 through 1994 and are currently interviewed on a biennial basis.


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Contact: Sarah Asebedo
sdb9977@k-state.edu
Kansas State University
Source:Eurekalert

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