Hope Is the Most Impactful Emotion in Determining Long-Term Economic, Social Outcomes

Photo by Carl Hunley Jr on Unsplash

Is hope just “a thing with feathers” as Dickenson wrote, or is it Aristotle’s “waking dream?”

Or instead. is it “a promise we live” rather than a “promise we give” as Amanda Gorman wrote in 2021.

According to new research examining the impact of hope as a positive emotion on long-term economic and social outcomes, it’s very much the Gorman definition.

That research presents evidence that not only is hope the least-studied dimension of positive emotional wellbeing, but that it’s also likely the most consequential in terms of long-term outcomes—beyond things like happiness or security.

Individuals in an Australian cohort of 25,000 randomly-sampled people that were more hopeful had on average improved wellbeing, education, economic, and employment outcomes measures years later, both better perceived health and objective measures of health, and were less likely to be lonely.

Hope in the researchers’ paper was also associated with higher resilience, the ability to adapt, and a robust internal locus of control. Hopeful individuals were also less likely to be influenced by negative life events and adapted more quickly and completely after these events.

Perhaps contrary to others’ definitions, the study authors defined hope as having a “strong grounding in individual agency.”

“Hope is not just a belief that things will get better (i.e., optimism), but the determination to make them better, which reflects agency and determination,” they wrote in their introduction. “The distinction between tragic optimists and hopeful pessimists is another way to think of this.”

Their data was pulled from the Household, Income and Labor Dynamics in Australia (HILDA) Survey, which began collecting self-completed questionnaires in addition to face-to-face interviews with members of the Australian public over the age of 15 in 2001.

The data used in the study goes as far back as 2007, and includes the years 2009, 2011, 2013, 2015, 2017, 2019, and 2021. The measurements of hope were simply the reverse measurements for one of the survey questions on psychological distress which read, “In the past 4 weeks, how often have you felt hopeless?”

69% of respondents said “all of the time” over the last 4 weeks, and 18% said “most of the time.”

Not only did they enjoy more positive outcomes in health, education, and economic undertakings than those who were less hopeful on average, but that moving from less hopeful to more hopeful was correlated with improved attainment in these dimensions.

Moving from hopeless to hopeful correlated to better life outcomes credit – Mahdi Dastmard

Moving, for example, from totally hopeless to totally hopeful resulted in a 4% higher probability of achieving a bachelor’s degree in the next 2 years and a 2% lower probability of being unemployed in future years.

In the health realm, higher levels of hope were linked to a lower probability of being obese in the next 2 years, to reductions in smoking levels, and even to a lower likelihood of having a serious illness or injury. Hopeful people were more likely to have more friends, and less likely to be both lonely and being incarcerated in future years.

One caveat with the data follows the tendency typified by the famous “healthy user bias” in nutrition and fitness literature, where data can appear more impactful than it may actually be because of the way that people who are likely to make a choice regarding their health (for example, choosing to exercise thrice a week) are more likely to make further choices in regards to their health than those who avoid making any such choices.

Essentially, there was a 1.5% greater chance that previous survey respondents would undergo follow-up surveys if they were more hopeful, skewing the data slightly towards the hopeful over the hopeless.

The authors claim it’s the first large-scale analysis showing the links between hope and a range of long-term life outcomes.“We believe that better understanding the drivers of hope and its consequences can ultimately inform the ability of both individuals and of public policy to improve people’s lives,” the authors wrote in their conclusion. Hope Is the Most Impactful Emotion in Determining Long-Term Economic, Social Outcomes
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What cost-of-living crisis? Luxury travel is booming – and set to grow further

Anita Manfreda, Torrens University Australia

About ten years ago, while working at Badrutt’s Palace Hotel in the Swiss town of St Moritz, I was shocked to learn a guest once requested an elephant be brought in to deliver a birthday gift to his wife. And the hotel made it happen, squeezing the elephant into the lobby.

This over-the-top gesture symbolised what luxury travel once meant: wealth and power, expressed through grand displays. Think millionaires and billionaires in lavish suites and on private yachts, enjoying exclusive services most of us would never dream of, let alone actually ask for.

Consulting group McKinsey defines the luxury traveller as someone prepared to spend US$500 or more per night on accommodation. But luxury tourism is evolving. Thanks to demographic shifts, sustainability concerns, and a post-pandemic desire for connection, luxury travel has become more personal and meaningful. And luxury travellers these days aren’t always the super rich elites.

Despite the cost-of-living crisis, luxury travel is booming. So, what’s driving this growth and how is luxury travel changing?

A trillion dollar industry

The luxury travel sector has shown remarkable resilience, even during economic downturns and the COVID pandemic. Globally, it is projected to grow from US$1.4 trillion in 2024 to $2.2 trillion by 2030.

The Asia-Pacific region is leading the surge at a compound annual growth rate of 8.6% (a way of measuring growth that assumes profits are reinvested) from 2024 to 2030.

In Australia, the trend is similar: the luxury travel market generated US$37.4 billion in 2023 and is forecast to reach US$70 billion by 2032.

This growth is driven not just by affluence among the wealthy but by younger travellers. As Forbes magazine points out, these travellers are often non-millionaires who may not earn enormous salaries or even own their own homes – but are willing to pay top dollar for meaningful experiences.

And some are splurging on trips to make up for time and opportunities lost due to the pandemic – a trend industry experts sometimes refer to as “revenge” and “revelry” travel. As one luxury travel industry observer put it:

We’re seeing travel at all costs, where people are determined to have the experience they want, regardless of what that price is.

Many consumers are prioritising luxury travel experiences over other discretionary items, including luxury goods.

Luxury can have many meanings

Today’s luxury travel isn’t just about extravagance; it can also include forking out for meaningful experiences. Luxury travellers are willing to pay up for holidays that promise authenticity, wellness and connection with people and places.

It can mean access to something rare, like an uncrowded natural environment or an authentic cultural experience that feels deeply personal.

It can also come from expertise – like appreciating the nuances of a rare bottle of wine, or touring a place with an expert or celebrity guide who has been there many times before.

Where it was once defined by price and status symbols, luxury travel today is about stories worth sharing (on social media and in real life) and experiences that align with personal values.

Wellness, adventure and the digital detox

In my 17 years of working in and researching luxury travel, I have seen a lot of different luxury holidaymakers. Everything from humble retirees relishing the rewards of their hard work to VIP celebrities who send 32 pages of requests before even stepping foot in the hotel.

While older high-net-worth individuals from North America and Europe remain a significant demographic, a growing proportion of luxury travellers are millennials, Gen Z, and tourists from emerging markets like Asia and the Middle East.

Traditional hallmarks of luxury travel – like presidential suites and private islands – are still popular among high-net-worth individuals.

But a growing number of travellers seek cultural experiences, adventure, and small, intimate group trips.

These travellers are opting for off-peak seasons and less-visited destinations to avoid crowds, and may be more vocal about sustainable tourism.

The future of luxury travel lies in its ability to adapt to evolving consumer values. Wellness retreats, slow travel (including by train), and sustainability-focused experiences are becoming central to the luxury travel narrative.

In a hyper-connected world, luxury travel marketing is now often linked with the idea of a digital detox. The chance to disconnect and fully immerse in the moment has become a modern indulgence.

Luxury travellers today use their trips to explore and learn, and to reconnect with the world, their relationships, and themselves.The Conversation

Anita Manfreda, Senior Lecturer in Tourism, Torrens University Australia

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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