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What Poverty Problem? Everyone I Know Has Money!
Pacific Standard: There are good reasons why wealthy people are often reluctant to support policies, and political parties, that aim to distribute wealth more widely. For one thing, it isn’t in their short-term self-interest (as
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Having Wealthy Neighbors May Skew Beliefs About Overall Wealth Distribution
Wealthy people may be likely to oppose redistribution of wealth because they have biased information about how wealthy most people actually are, according to new research published in Psychological Science, a journal of the Association
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How the Poor Make Better Financial Decisions Than the Wealthy
Slate: People often assume that the poor are less competent than the wealthy. Some even suggest that the poor have flawed values or ways of thinking. But my colleagues and I have recently found that
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Brain, Behavior, and the Economy
Psychological science, once criticized for underestimating the impact of socioeconomic factors on psychological development and functioning, now plays a lead role in investigating how wealth and poverty affect thought, emotion, and action throughout our lives.
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I’m rich. You must be, too.
“Let me tell you about the very rich,” the novelist F. Scott Fitzgerald wrote in the 1920s. “They are different from you and me.” “Yes,” his friend and rival Ernest Hemingway replied. “They have more
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One Company’s New Minimum Wage: $70,000 a Year
The New York Times: The idea began percolating, said Dan Price, the founder of Gravity Payments, after he read an article on happiness. It showed that, for people who earn less than about $70,000, extra
