Currently browsing "Socioeconomic Status"

Revisiting the Land of Opportunity


The High Costs of Status Seeking

It’s well known that income inequality leads to all sorts of social problems. The bigger the gap between the affluent and the poor, the higher the rates of homicide, teenage […]... More>


Feeling — Not Being — Wealthy Drives Opposition to Wealth Redistribution

People’s views on wealth distribution have little to do with how much they have in the bank and more with how wealthy they feel compared to their friends and neighbors. ... More>


The Poverty Trap

Poor people are the subject of many negative stereotypes, including the assumption that they are inherently incapable of making sound financial decisions. But APS Fellow Eldar Shafir has demonstrated that […]... More>