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The social lives of rich people, explained
The Washington Post: Way back in 1983, Cyndi Lauper knew that “money changes everything.” Social science is finally starting to catch up. The latest findings, from Emily Bianchi of Emory University and Kathleen Vohs of the
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Why Richer People Spend More Time With Their Friends
The Atlantic: In the 1994 movie adaptation of the comic book Richie Rich, Macaulay Culkin plays a boy whose immense wealth keeps him having from a normal, friend-filled childhood. The movie’s happy ending—Richie ditches his
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Better Math Skills Predict Bigger Bank Accounts
Having a head for numbers is an ability that people can bank on—quite literally. Being good with numbers gives people an edge in all kinds of jobs, from investment banking to professional poker. But the
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The wealthier you get, the less social you are. Here’s why it matters.
Vox: Rich Americans aren’t only getting richer. They’re becoming more isolated from the rest of America, too. A recent analysis of survey data from more than 100,000 Americans finds that the rich spend significantly less
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The Rich Can Learn From the Poor About How to Be Frugal
The New York Times: I try to be frugal. But my instincts as a consumer are mistaken. Behavioral economics suggests that I’m often frugal in the wrong way and that you may be, too. Consider
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In Real-Estate, ‘Love’ Hurts and ‘Sexy’ Sells
The Wall Street Journal: In luxury real estate, love is cheap and sex sells. An analysis of roughly 1.6 million home listings found that lower-priced homes were most likely to have the word “love” in
