The purpose of this research was to examine how the intervening variable of comparative well-being (which is how persons view their age, financial resources, and health compared to others of their own age) will enhance the significance of the relationship between selected demographic and psychographic variables and perceived risk. Specifically, the research investigated the structural relationship between comparative well-being in four different statistical models: (1) as an independent predictor of perceived risk; (2) as an intensifier of the psychographic and demographic predictors of perceived risk; (3) as a covariate of perceived risk; and (4) finally, as a jointly dependent variable with perceived risk. This approach was pursued in an effort to enhance the traditional marketing use of demographic and psychographic variables in predictingconsumer buying behavior. The data for this study were gathered as part of a national consumer-panel mail survey utilizing approximately 3,000 households. The research instrument was a self-administered questionnaire which collected demographic, psychographic, and perceived risk information from purchasers of apparel wear. Data analysis included descriptive statistics, Pearson product moment correlation analysis, factor analysis, analysis of variance (ANOVA), and multivariate analysis of variance (MANOVA). The findings have identified the importance of how consumers position themselves in society, based …