What is the definition of self-esteem? What is the relationship between self-esteem and income over time?

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Self-esteem is defined as a person's overall sense of their value or worth, encompassing beliefs about oneself and emotional states related to self-evaluation.

The relationship between self-esteem and income over time is complex. Higher self-esteem often correlates with better job performance and career advancement, potentially leading to increased income. Conversely, lower self-esteem can hinder professional opportunities and earnings. Studies suggest that fluctuations in income can also affect self-esteem, creating a cyclical relationship where income influences self-worth and vice versa, particularly during significant life transitions or economic changes.