Subtle reminders of money can affect the way people behave in social settings, causing them to be less engaged with others, suggests new research.
A group of researchers discussed results from ongoing investigations into how money impacts social relationships here at the 25th annual meeting of the Association for Psychological Science (APS) on Sunday (May 26).
“Money holds lots of different associations for different people,” said Kathleen Vohs, an associate professor of marketing in the Carlson School of Management at the University of Minnesota in Minneapolis, who moderated an APS panel on the topic. “There can be social benefits and social costs to reminders of money.”
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