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The Poor and the Heartless
Last year, the top 10 percent of American earners took home more than half of the country’s total income. The top 1 percent took home a fifth. That’s the greatest income disparity ever recorded, and
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Wealth and the 47 percent: An ancient debate
The first two debates of this presidential campaign have left little doubt about the central political and philosophical issue dividing the country today. The candidates have all drawn a bright line between the two parties
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How to Get the Rich to Share the Marbles
The New York Times: Suppose scientists discovered a clump of neurons in the brain that, when stimulated, turned people into egalitarians. This would be good news for Democratic strategists and speechwriters, who could now get
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Can Money Buy Self-Esteem?
Scientific American: Sellers have long charged a premium for objects that confer some kind of social status, even if they offer few, if any, functional benefits over cheaper products. Designer sunglasses, $200,000 Swiss watches, and
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Impatient? It May Hurt Your Credit Score
Forbes: Your propensity to wait (or not) is also reflected in your credit score, according to a study from researchers at Columbia and Stanford published online in Psychological Science. Patient people tend to have higher
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Who’s Wealthy? Beyond Net Worth, Asset and Debt Levels Change Our Perceptions
Will borrowing money to buy a new car make you feel richer? It depends on your net worth, says a new study in Psychological Science, a journal published by the Association for Psychological Science. “People’s
