Want Your Children to Earn More? Teach Them Self-Esteem

MoneyTeenagers and young adults with higher self-esteem earn more money in middle age than those with less confidence, concluded a study from the University of Florida. Not surprisingly, a privileged upbringing and parents who are professionals also lead to higher salaries—but only in the presence of self-confidence. “It is surprising to see what little positive impact socioeconomic status has in the absence of self-esteem,” the lead researcher commented.

As LGBT parents, we often work hard to ensure our children have confidence in themselves and their families, even in the face of anti-LGBT rhetoric. We don’t do so in order for them to draw higher salaries later in life, of course. Money isn’t everything. But isn’t it nice to know that even though you can’t inherit your partner’s pension or Social Security benefits, you’re at least doing something to help your children support you in your dotage?