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How Money Changes The Way We Think And Behave

1622 words - 6 pages

How Money Changes The Way We Think And BehaveThe term "affluenza" -- a portmanteau (blending of two or more forms) of affluence and influenza, defined as a "painful, contagious, socially transmitted condition of overload, debt, anxiety, and waste, resulting from the dogged pursuit of more" -- is often dismissed as a silly buzzword created to express our cultural disdain for consumerism. Though often used in jest, the term may have more truth than many of us would like to think.Affluenza was even used as a defense in a recent, highly publicized drunk driving trial in Texas, where a 16-year-old boy claimed that his family's wealth should exempt him from responsibility for the deaths of four people. The boy got off with 10 years' probation and therapy (which his family will pay for), angering many for what they saw as the law's unfair leniency.Psychologist G. Dick Miller, who acted as an expert witness for the defense, argued that the boy was suffering from affluenza, which may have kept him from comprehending the full consequence of his actions."I wish I had not used that term," Miller later told CNN. "Everyone seems to have hooked on to it."Whether affluenza is real or imagined, money really does change everything, as the song goes -- and those of high social class do tend to see themselves much differently than others. Wealth (and the pursuit of it) has been linked with immoral behavior -- and not just in movies like The Wolf of Wall Street. Psychologists who study the impact of wealth and inequality on human behavior have found that money can powerfully influence our thoughts and actions in ways that we're often not aware of, no matter our economic circumstances. Although wealth is certainly subjective, most of the current research measures wealth on scales of income, job status or measures of socioeconomic circumstances, like educational attainment and intergenerational wealth.Here are seven things you should know about the psychology of money and wealth.More money, less empathy?Several studies have shown that wealth may be at odds with empathy and compassion. Research published in the journal Psychological Science also found that people of lower economic status were better at reading others' facial expressions -- an important marker of empathy -- than wealthier people."A lot of what we see is a baseline orientation for the lower class to be more empathetic and the upper class to be less [so]," study co-author Michael Kraus told TIME. "Lower-class environments are much different from upper-class environments. Lower-class individuals have to respond chronically to a number of vulnerabilities and social threats. You really need to depend on others so they will tell you if a social threat or opportunity is coming and that makes you more perceptive of emotions."While a lack of resources fosters greater emotional intelligence, having more resources can cause bad behavior in its own right. University of Berkeley research found that even fake money...

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