Abstract
Previous research suggests that loss of social status adversely impacts subjective well-being. Here, we show that important factors modulating this relationship are age differences in beliefs in opportunities and upward mobility. Across two preregistered longitudinal analyses (N1 = 5,487 and N2 = 1,092; 18–89 years), we found that individuals who hold a stronger belief that they have more opportunities in the future to improve their social status are less likely to suffer from status loss. Further analyses revealed that this interaction effect can be explained by age differences in these beliefs. Specifically, younger individuals were more likely to hold opportunity and upward mobility beliefs and, thus, were better able to maintain their relative level of life satisfaction when experiencing status loss. Overall, these findings contribute to our understanding of how individuals may mitigate the detrimental consequences of status loss to their subjective well-being across the adult life span.
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