Explaining Unique and Common Variance in Financially Focused Self-Concept From Dark Triad and Honesty-Humility Personality Traits Using Commonality Analyses
Abstract
We investigated the personality correlates of financially focused self-concept, a construct describing individuals who overemphasise financial success as central to their self-definition and self-worth. We examined the unique and shared associations between financially focused self-concept and the Dark Triad traits (Machiavellianism, psychopathy and narcissism) as well as Honesty-Humility at the facet level to provide greater specificity than trait-level analysis. Using cross-sectional data from 1725 Canadian adults who completed validated self-report measures, we conducted commonality analyses. Results revealed significant associations between financially focused self-concept and Machiavellianism facets (antagonism and planfulness), all psychopathy facets, narcissistic vulnerability and lower levels of greed-avoidance and modesty. These findings enhance understanding of the personality profiles of individuals who prioritise financial success excessively.
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