The researches noted that for people who lacked self-confidence, whether they grew up poor made little difference in how much they earned as adults, roughly 7,000 dollars per year.
However, for the confident, growing up in more affluent circumstances made a huge difference roughly 28,000 dollars.
Similarly, parents occupation made no difference in the earnings for those low in self-confidence. But for the self-assured, it made a much bigger difference, with those whose parents were professionals earning much more than self-confident people whose parents were laborers, and for that matter, more than those who lacked self-confidence.
If your parents are doctors or lawyers, a positive self-concept matters a whole lot more than if your parents are roofers or employees in a fast-food restaurant, Judge said.
Judge believes the effects of self-esteem and socio-economic background on income are particularly timely with todays growing income disparity between the haves and have nots.
As our economy becomes more high tech and places a higher premium on knowledge work, it gives tremendous opportunity to people who have advantages based on their upbringing, he said.
But people who dont have advantages are much more limited in what they can make of themselves, probably because they have so little to capitalize on, he added.
Although there are rags to riches stories, these are overshadowed by the large number of people who end up having to struggle to make a living.
At the same time, the study shows that early advantages by themselves are not enough to ensure the best shot at material well-being later in life.
In light of popular beliefs that kids from middle- and upper-class families have it made, it is surprising to see what little positive impact socioeconomic status has in the absence of self-estPage: 1 2 3 Related medicine news :1
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