Teenagers 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?
I think the self-esteem also leads to more career options, more real success too. If you look at relative wealth (not just trading gobs of time for money) self-esteem is crucial to try new things, perhaps start a business, or do anything non-traditional. And, the traditional trade 80 hours a week for money (when the real wage for this sort of nonsense is worse than having a clerk job) isn’t the path to wealth anyway.
So as I see it, this one quality of self-esteem can catapult kids to success in so many areas of their life – relationships, career, health, wellness, you name it.