Relationships among financial satisfaction,life satisfaction,and political action: A comparative study of the United States and South Korea

This study explores the potential impact of cultural orientation on the relationship between financial satisfaction, life satisfaction, and political action within the United States and South Korea. The total sample size was 3,432 individuals (United States = 2,232, South Korea = 1,200). 1 confirmatory factor analysis (CFA) model and a path analysis model were assessed using a maximum likelihood estimation. The findings showed a strong positive relationship between financial satisfaction and life satisfaction in both countries. Also, in both countries, more progressive individuals participated in more political actions. When exploring political action, we find an inverse relationship—with greater political action among lower‐income individuals in the United States and greater political action among higher‐income in South Korea. In South Korea (culturally “collectivistic”), middle‐income individuals were also found to participate in political actions that likely benefit larger segments of society. From a cultural dimensions theory perspective, these data suggest political actions in the United States (classified as “individualistic”) were largely conducted by low‐income individuals, potentially as means to enhance their individual well‐being.