I was listening to a TEDx Podcast recently titled the Money Paradox
Three experts shared a unique view point on the humans behavior around money resulting from their research and studies on the subject. Laurie Santos shared the results of a really interesting experiment using where Apes behavious were monitored when exchanging tokens for money. The question being was our response to money including risk and reward truly primal. Keith Chen, Associate Professor of Economics from UCLA showed us that our attitude toward saving money could relate to what language we spoke.
Another study conducted by Paul Piff , Assistant Professor of Psychology and Social Behavior at the University of California, Irvine, revealed that in any cases the more wealth a person possessed the less compassionate and generous they became. In fact, the most generous people were those who could least afford it.
He offered the following explanation as being part of the possible cause.
As we become more wealthy we live in bigger houses with separate rooms and bedrooms, we live on large blocks of land which have a greater distance between neighbours.
The more wealthy don’t catch public transport and therefore are more likely to travel to work on their own in a private care. When they arrive at work, they are more likely to be in a senior position with a private office.
Interesting don’t you think?.