Yale University researchers explore the psychological processes that explain why the vast majority of Americans underestimate the magnitude of economic inequality between Whites and racial minorities. More
Consumption habits may play a stronger role than income itself in how people feel about their lives, a study suggests. More
What is the best way to spend money to increase your happiness? A series of studies suggests that it may depend, in part, on how wealthy you are. More
The rising wealth of the top tier of earners seems to be inaugurating a new age of charitable giving. More than 150 billionaires from around the world have now signed Bill and Melinda Gates’ Giving Pledge, promising to donate at least half of their fortunes to charity. Others give money to More
The New York Times: Wealthy people are selfish jerks. So are their children. That is the implication, at least, of a batch of recent psychological studies. In a 2015 study, for example, preschoolers were told that they had earned enough tokens for “a really great prize.” They could keep the More
NPR: A new study finds that wealthier people spend less time socializing. NPR’s Linda Wertheimer talks with Emily Bianchi of Emory University about how income levels affect how people spend their time. … WERTHEIMER: So what is the answer? How does income affect how people spend their time? BIANCHI: Well More
