10 November 2026 · 19 min read

Money, Success and the Pressure to Keep Up

Why financial security, status and comparison can become entangled with self-worth — and why the affordable lifestyle you're chasing may not be the one you actually want.

There is a particular kind of pressure that can be difficult to explain.

You might have a decent job, earn a reasonable income, pay your bills and be doing objectively well. Yet when you look around, it somehow doesn't feel like enough.

Someone has a better apartment. Someone else is travelling somewhere extraordinary. Another man has just bought a property, upgraded his car, launched a business or posted photographs from a lifestyle that looks effortlessly expensive.

And suddenly, your own life feels smaller.

You start questioning whether you're earning enough, achieving enough or making enough progress. You wonder whether you should be further ahead by now.

Perhaps you tell yourself that once you earn a certain amount, everything will feel different. Once you own a property, have more savings, build a successful business or reach a particular lifestyle, you'll finally feel secure.

But what happens when you reach that milestone and the feeling doesn't arrive?

For some gay men, money can become about much more than financial security. It can become a way of measuring personal success, proving independence, establishing social standing and demonstrating that life has turned out well.

And when your sense of worth becomes tied to what you earn, own or can afford, the goalposts have a habit of moving.

The pressure to have your life together

We often talk about financial success as though everyone starts from the same position and has the same opportunities to build it.

But that isn't reality.

Financial security is influenced by family circumstances, education, employment opportunities, discrimination, health, housing costs, relationships and the support systems available to us.

Research published by the Federal Reserve in 2024 examined financial wellbeing among lesbian, gay and bisexual adults in the United States using data collected between 2019 and 2022. LGB adults experienced greater financial difficulty than otherwise comparable heterosexual adults across several measures, including emergency savings, retirement preparation and debt. Importantly, the differences were not fully explained by factors such as financial knowledge, parental assistance or relationship status. The researchers identified exposure to discrimination and violence as possible contributing social vulnerabilities.

Carpenter et al. (2024), Federal Reserve Board

Research examining economic insecurity among gay and bisexual men has also found differences in household income and financial satisfaction, with particularly pronounced disadvantages among bisexual men.

Chai & Maroto (2020)

A separate study using US Household Pulse Survey data found that gay men and lesbian women were more likely to report financial hardship, while bisexual adults experienced additional disadvantages in income and poverty.

Deal, Greenberg & Gonzales (2024)

These findings matter because they challenge an assumption that gay men are automatically financially privileged.

The stereotype of the affluent, professionally successful, financially independent gay man is not representative of everyone's experience.

Some men have supportive families, strong financial foundations and considerable opportunities. Others have had to build their lives with less support, navigate discrimination or manage the financial consequences of family rejection.

The LGBTQI+ Economic and Financial Survey found that 73% of LGBTQI+ respondents said they could rely financially on their families before disclosing their sexual orientation or gender identity. After disclosure, that figure fell to 62%.

Movement Advancement Project & Center for LGBTQ Economic Advancement and Research (2023)

This is not a small detail.

For some people, becoming more independent isn't simply an expression of ambition. It is a practical necessity.

And when you've had to create your own safety net, it makes sense that financial security might carry an enormous emotional weight.

The problem begins when the need for security becomes a belief that you must constantly prove your worth through financial success.

When money becomes a measure of your worth

There is an important difference between wanting financial success and needing financial success to feel good about yourself.

Wanting to earn more, build wealth, own a home or create a comfortable lifestyle is perfectly reasonable.

Financial security can provide freedom, choice, stability and protection. Money can make an enormous difference to the quality of your life.

But what happens when your financial position starts determining how you feel about yourself?

Psychologists have studied a concept called financially contingent self-worth.

It describes the extent to which someone bases their self-esteem on financial success.

Research found that people whose self-worth was more dependent on financial success experienced greater financial comparison, financial stress and anxiety, alongside reduced feelings of autonomy.

Park, Ward & Naragon-Gainey (2017)

In other words, money can become more than something you manage. It can become something you use to evaluate yourself.

You might recognise this in thoughts such as:

I should be earning more by now.

I feel embarrassed that I can't afford what other people can.

I don't want people to know how much money I'm struggling with.

I should have bought a property by this age.

I need to be more successful before I can feel proud of myself.

I don't feel like I've made it yet.

Notice what happens here.

A financial circumstance becomes a personal judgement.

Not owning a property becomes evidence that you're behind. Having a lower income becomes evidence that you're not successful enough. Needing financial help becomes something to feel ashamed of.

Instead of looking at your finances as a practical area of life that requires attention, you start treating them as a verdict on your value.

And that is a very different problem to solve.

The comparison trap: measuring your life against someone else's

Money is particularly vulnerable to comparison because we rarely evaluate it in isolation.

We compare our income, homes, holidays, possessions and lifestyles against the people around us.

And in gay social environments, those comparisons can become especially visible.

You might see men travelling frequently, living in beautiful apartments, wearing expensive clothes, dining at fashionable restaurants or enjoying lifestyles that appear financially effortless.

Dating apps and social media can create a constant stream of comparison, even when we have no idea what is happening behind the photographs.

You see the holiday, not the credit card debt.

You see the apartment, not the financial assistance from family.

You see the expensive restaurant, not the sacrifices made elsewhere.

You see the apparent success, not the full financial picture.

Research into social comparison and materialism has found that feelings of relative deprivation can increase materialistic values. Across five studies, comparing ourselves with others and feeling disadvantaged relative to them can contribute to a stronger desire for money and possessions.

Kim, Callan, Gheorghiu & Matthews (2017), five studies

This is worth understanding.

Sometimes, the desire for more isn't driven by what we genuinely need. It is driven by the uncomfortable feeling that other people have something we don't.

And that feeling can be difficult to satisfy.

You might earn more, but your reference group changes. You might upgrade your lifestyle, but then discover another level of consumption you cannot access.

There will always be someone with more money, a better home, a more impressive career or greater financial freedom.

If your sense of progress depends on being ahead of other people, you have chosen a competition with no finish line.

The gay success story and the pressure to keep up

There is another dimension worth exploring.

Some gay men grow up feeling different, excluded or uncertain about whether they will be accepted. For some, achievement, independence and financial success become ways of establishing a sense of security and control.

This is not a universal gay male experience, and research does not establish that gay men are inherently more materialistic or more financially driven.

However, research into gay men's experiences of consumption offers an interesting perspective.

Research examined consumption and social representations among gay men in Germany, exploring how gay men navigate social stigma, recognition and respectability through consumption. The researchers described how consumption can operate within competing social expectations, sometimes providing opportunities for recognition while also reinforcing pressure to conform to particular ideas of status and respectability.

Eichert & Luedicke (2022)

This gives us something important to consider.

In environments where appearance, lifestyle, desirability and social standing are highly visible, the things you own and the experiences you can afford can become part of how you present yourself to others.

The apartment, the clothes, the holidays, the restaurants and the lifestyle can all become part of the image.

There is nothing inherently wrong with enjoying beautiful things or wanting to live well.

But if you start feeling that you must maintain a particular lifestyle to remain desirable, respected or accepted, you may find yourself spending money to protect an image rather than improve your actual quality of life.

And maintaining an image can become expensive.

When the pursuit of money starts costing you something else

One of the more interesting findings in this area of psychology is that placing too much importance on financial success can affect relationships.

Research examined the social consequences of financially contingent self-worth across four cross-sectional studies involving 2,439 participants and a daily diary study involving 246 participants. Basing self-worth on financial success was associated with greater loneliness and social disconnection, and the findings suggested this relationship may be connected to reduced autonomy and spending less time with family and friends.

Ward et al. (2020), 2,439 participants + diary study

Think about what that might look like in everyday life.

You work longer hours because you feel you need to earn more.

You avoid social situations because you don't want to spend money.

You feel uncomfortable accepting help because you believe you should be financially independent.

You struggle to relax because there is always another financial target to reach.

You postpone relationships, travel, friendships or experiences because you tell yourself you'll enjoy life once you're more financially secure.

And before you realise it, the pursuit of a better life has started taking you away from the life you actually want to live.

This is not an argument against ambition.

It is an invitation to examine what your ambition is costing you.

Money can create opportunities for connection, but it cannot replace connection itself.

You can have an impressive lifestyle and still feel lonely. You can earn a substantial income and still feel inadequate. You can be financially independent and still struggle to feel safe.

Financial success is valuable. It simply cannot do every job we sometimes ask it to do.

The materialism cycle: why more doesn't always feel like enough

There is a reason why upgrading your lifestyle doesn't necessarily create lasting satisfaction.

Psychological research has repeatedly explored the relationship between materialism and wellbeing.

A major meta-analysis examined 753 effect sizes across 259 independent samples and found a consistent negative relationship between materialistic values and personal wellbeing.

Dittmar, Bond, Hurst & Kasser (2014), 259 samples

A review examined evidence linking materialistic goals with outcomes such as lower personal wellbeing and less satisfying relationships. It discussed how greater feelings of personal security and a stronger focus on intrinsic goals may help reduce materialistic priorities.

Kasser (2016)

A recent meta-analysis examined 55 reports, 72 independent studies and 44,376 participants. It found a negative association between materialism and social wellbeing, including relationship satisfaction and social support.

Moldes et al. (2025), 44,376 participants

This doesn't mean buying something expensive will make you unhappy.

It doesn't mean wanting financial success is unhealthy.

It means that when wealth, possessions and status become central to how you define a successful life, other important dimensions of wellbeing can suffer.

The distinction is between enjoying what money can provide and expecting it to provide a sense of personal worth.

You can buy a beautiful home. You cannot buy the feeling that you are enough.

You can purchase an expensive wardrobe. You cannot purchase genuine self-acceptance.

You can afford to travel the world. You cannot guarantee that you will feel connected wherever you go.

Research has also found that financial contingency of self-worth predicts financial motivational conflict and compulsive buying.

Park et al. (2024)

And if you're using financial success to resolve an emotional problem, you may keep spending, earning and achieving without ever addressing the problem itself.

The uncomfortable question: whose definition of success are you chasing?

This is where things become personal.

Take a moment to consider what financial success actually means to you.

Not what your parents expected.

Not what your friends are achieving.

Not what you see on Instagram.

Not what you believe a successful gay man should have.

What does it mean to you?

Perhaps it means having enough money in the bank that you can sleep peacefully.

Perhaps it means being able to travel without worrying about every expense.

Perhaps it means owning a home, supporting your family or having the freedom to leave a job that makes you miserable.

Those are meaningful goals.

But perhaps some of your financial goals have been inherited from other people.

Perhaps you feel pressure to own property because you believe that's what adults are supposed to do.

Perhaps you want an expensive lifestyle because you associate it with being successful.

Perhaps you are chasing a particular income because you imagine that earning it will finally make you feel respected.

And perhaps you've never stopped to ask whether the life you're working so hard to create is actually the life you want.

This is not about abandoning ambition. It is about separating your genuine aspirations from the expectations you've absorbed along the way.

Building financial security without making money your identity

There is a practical side to this conversation that matters just as much as the psychological side.

If you're experiencing financial stress, telling yourself that money doesn't matter is not going to help.

You need a realistic understanding of your financial position, a plan and actions that improve your circumstances.

But you also need to understand the emotional relationship you have with money.

Here are five questions worth exploring.

1. What does financial security actually mean to me?

Get specific. Is it an emergency fund? Consistent income? Reduced debt? A home? The ability to support yourself without relying on anyone else?

A vague desire to be wealthy can keep moving indefinitely. A clear definition of security gives you something practical to work towards.

2. Am I making financial decisions based on my needs or my comparisons?

Before making a purchase, upgrading your lifestyle or taking on another financial commitment, ask yourself whether you genuinely want it or whether you feel pressure to keep up.

There is a difference between spending money because something adds value to your life and spending money because you feel inadequate without it.

3. What am I afraid people will think if they know my financial situation?

This can reveal a lot.

Are you embarrassed about earning less? Do you feel ashamed about debt? Are you afraid of appearing unsuccessful?

If your financial circumstances feel like something you must hide, it may be worth examining the beliefs underneath that shame.

4. What am I sacrificing in pursuit of financial success?

Consider your relationships, health, free time, experiences and emotional wellbeing.

Are you building a life that gives you more freedom, or are you becoming increasingly trapped by the lifestyle you're trying to maintain?

5. Who would I be if I stopped measuring my worth through financial success?

This is perhaps the most important question.

Imagine that you no longer needed to prove anything through your income, possessions or lifestyle.

What would you still want to achieve?

What would you spend your time doing?

What would you stop worrying about?

What would success look like if you didn't need anyone else to recognise it?

You deserve a life that feels good, not just one that looks successful

Money matters.

Financial independence matters. Having a roof over your head, being able to meet your needs, planning for the future and having choices matters.

We shouldn't minimise the reality of financial hardship or pretend that positive thinking can replace financial resources.

But there is a difference between building financial security and building your identity around financial success.

One gives you greater freedom.

The other can leave you permanently chasing a feeling of being good enough.

And perhaps that's the part worth paying attention to.

If you've spent years trying to prove yourself through achievement, appearance, desirability or professional success, it is possible that money has become another area where you feel you have something to prove.

You might be waiting for a particular income, a certain lifestyle or a level of financial independence before allowing yourself to feel proud of who you are.

But your worth doesn't begin when your bank balance reaches a particular number.

You don't become more deserving of love, respect or belonging because you earn more than someone else.

And you don't become less valuable because you're going through a difficult financial period.

The goal isn't to stop wanting more.

It's to stop believing that you have to become more financially successful before you're allowed to feel good about the person you already are.

Because the life you're building should be something you get to enjoy.

Not something you spend your entire life trying to prove.

Sources

Where a claim rests on research, it's cited above. Where it's my own reading of what that research means, I've said so in the piece.

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