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Jul 1, 2020 · The wealthy. A groundbreaking study of rich Americans’ policy preferences in 2011 found that the wealthy, unlike voters in general, did prioritize deficit reduction over everything else. They...
- More Money, Less Empathy?
- Wealth Can Cloud Moral Judgment
- Wealth Has Been Linked with Addiction
- Money Itself Can Become Addictive
- Wealthy Children May Be More Troubled
- We Tend to Perceive The Wealthy as “Evil”
- Money Can’T Buy Happiness
Several studies have shown that wealth may be at odds with empathy and compassion. Research published in the journal Psychological Science found that people of lower economic status were better at reading others’ facial expressions—an important marker of empathy—than wealthier people. “A lot of what we see is a baseline orientation for the lower cl...
It is no surprise in this post-2008 world to learn that wealth may cause a sense of moral entitlement. A UC Berkeley studyfound that in San Francisco—where the law requires that cars stop at crosswalks for pedestrians to pass—drivers of luxury cars were four times less likely than those in less expensive vehicles to stop and allow pedestrians the r...
While money itself doesn’t cause addiction or substance abuse, wealth has been linked with a higher susceptibility to addiction problems. A number of studies have found that affluent children are more vulnerable to substance-abuse issues, potentially because of high pressure to achieve and isolation from parents. Studies also found that kids who co...
The pursuit of wealth itself can also become a compulsive behavior. As psychologist Dr. Tian Dayton explained, a compulsive need to acquire money is often considered part of a class of behaviorsknown as process addictions, or “behavioral addictions,” which are distinct from substance abuse. While a process addiction is not a chemical addiction, it ...
Children growing up in wealthy families may seem to have it all, but having it all may come at a high cost. Wealthier children tend to be more distressed than lower-income kids, and are at high riskfor anxiety, depression, substance abuse, eating disorders, cheating, and stealing. Research has also found high instances of binge-drinking and marijua...
On the other side of the spectrum, lower-income individuals are likely to judge and stereotype those who are wealthier than themselves, often judging the wealthy as being “cold.” (Of course, it is also true that the poor struggle with their own setof societal stereotypes.) Rich people tend to be a source of envy and distrust, so much so that we may...
We tend to seek money and power in our pursuit of success (and who doesn’t want to be successful, after all?), but it may be getting in the way of the things that really matter: happiness and love. There is no direct correlation between income and happiness. After a certain level of income that can take care of basic needs and relieve strain (some ...
Wealth, Income, and Power. by G. William Domhoff. This document presents details on the wealth and income distributions in the United States, and explains how we use these two distributions as power indicators.
- 65.0%
- 71.3%
- 61.0%
- 69.8%
This latest wealth study used a condensed version of the Big Five test to distinguish between five core personality traits: Conscientious: Describes people who are thorough, meticulous, diligent...
Apr 16, 2003 · But my purpose here is to emphasize how the concentration and momentum of wealth spilled over, just as they had before, from economic self-interest and buccaneering into the corruption of politics. Money flowed into elections and into the many pockets of well-tailored politicians.
With increased globalization, the disparity between rich and poor has widened and more and more wealth has passed into corporate control. Opposing the values of an economic system that subordinates persons to profit, Christianity, guided by the Spirit, advocates the primacy of people.
Marx saw the key to history in the association between wealth and power. The source of wealth for Marx lay in ownership of what he called the forces of production. These had developed over time from slaves (human labor) to land to capital.
