Money Itself
Can Become Addictive
The pursuit of wealth itself can also become a compulsive behavior.
As psychologist Dr. Tian Dayton explained, a compulsive need to acquire
money is often considered part of a class of behaviors known
as process addictions, or “behavioral addictions,”
which are distinct from substance abuse.
These days, the idea of process addictions is widely accepted.
Process addictions are addictions that involve
a compulsive and /or an out-of-control relationship with certain behaviors ...
even money …
There is a change in brain chemistry with a process addiction that’s similar
to the mood-altering effects of alcohol or drugs.
With process addictions, engaging in a certain activity ...
can kickstart the release of brain/body chemicals, like dopamine,
that actually produce a “high” that’s similar to the chemical high of a drug.
The person who is addicted to some form of behavior has learned,
albeit unconsciously, to manipulate his own brain chemistry.
While a process addiction is not a chemical addiction,
it does involve compulsive behavior --
in this case, an addiction to the good feeling
that comes from receiving money or possessions --
which can ultimately lead to negative consequences
and harm the individual’s well-being.
Addiction to spending money—sometimes known as shopaholism—is another,
more common type of money-associated process addiction.
Can Become Addictive
The pursuit of wealth itself can also become a compulsive behavior.
As psychologist Dr. Tian Dayton explained, a compulsive need to acquire
money is often considered part of a class of behaviors known
as process addictions, or “behavioral addictions,”
which are distinct from substance abuse.
These days, the idea of process addictions is widely accepted.
Process addictions are addictions that involve
a compulsive and /or an out-of-control relationship with certain behaviors ...
even money …
There is a change in brain chemistry with a process addiction that’s similar
to the mood-altering effects of alcohol or drugs.
With process addictions, engaging in a certain activity ...
can kickstart the release of brain/body chemicals, like dopamine,
that actually produce a “high” that’s similar to the chemical high of a drug.
The person who is addicted to some form of behavior has learned,
albeit unconsciously, to manipulate his own brain chemistry.
While a process addiction is not a chemical addiction,
it does involve compulsive behavior --
in this case, an addiction to the good feeling
that comes from receiving money or possessions --
which can ultimately lead to negative consequences
and harm the individual’s well-being.
Addiction to spending money—sometimes known as shopaholism—is another,
more common type of money-associated process addiction.
Why Do People Say
"Money Changes People"?
Steve Soares
"Money Changes People"?
Steve Soares
Oprah stated that money does not change people- money is a big magnifying glass on who you truly and genuinely were and always have been.
If a person wins 100 million dollars and is a now wealthy and suddenly you see this person mistreating others like a cashier or waitress - acting all superior and putting people down - the truth is that if you didn’t see this behaviour before and now you most likely will say “see - money made him an a ... h ... ”.
Actually what happened there is that secretly or discreetly he was always an a ...h ... with or without money. But before when he lacked money, he lacked power and status, so he had to keep his attitude to a minimum - though such a person would never have been the sweetest, nicest person you’ve ever seen either and then turn into the most horrible person - unless it was all an act.
So if you were always a sweet person, treated everyone respectfully, no matter what their position was or who they were, with 100 million dollars you would be that same person but now maybe you would be super generous- give to charities - help out a waitress by giving her a really great tip.
If someone looks like they’re changed completely - usually in a very negative way - you can be sure that those feelings were always bottled up inside of them - and when money finally gave them the power and status they always craved for, those feelings of superiority finally were revealed.
https://www.quora.com/Why-do-people-say-money-changes-people
If a person wins 100 million dollars and is a now wealthy and suddenly you see this person mistreating others like a cashier or waitress - acting all superior and putting people down - the truth is that if you didn’t see this behaviour before and now you most likely will say “see - money made him an a ... h ... ”.
Actually what happened there is that secretly or discreetly he was always an a ...h ... with or without money. But before when he lacked money, he lacked power and status, so he had to keep his attitude to a minimum - though such a person would never have been the sweetest, nicest person you’ve ever seen either and then turn into the most horrible person - unless it was all an act.
So if you were always a sweet person, treated everyone respectfully, no matter what their position was or who they were, with 100 million dollars you would be that same person but now maybe you would be super generous- give to charities - help out a waitress by giving her a really great tip.
If someone looks like they’re changed completely - usually in a very negative way - you can be sure that those feelings were always bottled up inside of them - and when money finally gave them the power and status they always craved for, those feelings of superiority finally were revealed.
https://www.quora.com/Why-do-people-say-money-changes-people
How Money Changes the Way
You Think and Feel
You Think and Feel
Research is uncovering
how wealth impacts our sense of morality,
our relationships with others,
and our mental health.
how wealth impacts our sense of morality,
our relationships with others,
and our mental health.
BY CAROLYN GREGOIRE
https://greatergood.berkeley.edu/article/item/how_money_changes_the_way_you_think_and_feel
The term “affluenza”—a portmanteau 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 contain more truth than many of us would like to think.
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 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 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. UC Berkeley research found that even fakemoney could make people behave with less regard for others. Researchers observed that when two students played Monopoly, one having been given a great deal more Monopoly money than the other, the wealthier player expressed initial discomfort, but then went on to act aggressively, taking up more space and moving his pieces more loudly, and even taunting the player with less money.
Wealth can cloud moral judgment
It is no surprise in this post-2008 world to learn that wealth may cause a sense of moral entitlement. A UC Berkeley study found that in San Francisco—where the law requires that cars stop at crosswalks for pedestrians to pass—drivers of luxury cars were four times less likely than those in less expensive vehicles to stop and allow pedestrians the right of way. They were also more likely to cut off other drivers.
Another study suggested that merely thinking about money could lead to unethical behavior. Researchers from Harvard and the University of Utah found that study participants were more likely to lie or behave immorally after being exposed to money-related words.
“Even if we are well-intentioned, even if we think we know right from wrong, there may be factors influencing our decisions and behaviors that we’re not aware of,” University of Utah associate management professor Kristin Smith-Crowe, one of the study’s co-authors, told MarketWatch.
Wealth has been linked with addiction
While money itself doesn’t cause addiction or substance abuse, wealth has been linked with a higher susceptibility to addiction problems. A number of studies have found that affluent children are more vulnerable to substance abuse issues, potentially because of high pressure to achieve and isolation from parents.
Studies also found that kids who come from wealthy parents aren’t necessarily exempt from adjustment problems—in fact, research found that on several measures of maladjustment, high school students of high socioeconomic status received higher scores than inner-city students. Researchers found that these children may be more likely to internalize problems, which has been linked with substance abuse. But it’s not just adolescents: Even in adulthood, the rich outdrink the poor by more than 27 percent.
Money itself can become addictive
The pursuit of wealth itself can also become a compulsive behavior. As psychologist Dr. Tian Dayton explained, a compulsive need to acquire money is often considered part of a class of behaviors known as process addictions, or “behavioral addictions,” which are distinct from substance abuse.
These days, the idea of process addictions is widely accepted. Process addictions are addictions that involve a compulsive and/or an out-of-control relationship with certain behaviors such as gambling, sex, eating, and, yes, even money …
There is a change in brain chemistry with a process addiction that’s similar to the mood-altering effects of alcohol or drugs.
With process addictions, engaging in a certain activity—say viewing pornography, compulsive eating, or an obsessive relationship with money—can kickstart the release of brain/body chemicals, like dopamine, that actually produce a “high” that’s similar to the chemical high of a drug.
The person who is addicted to some form of behavior has learned, albeit unconsciously, to manipulate his own brain chemistry.
While a process addiction is not a chemical addiction, it does involve compulsive behavior—in this case, an addiction to the good feeling that comes from receiving money or possessions—which can ultimately lead to negative consequences and harm the individual’s well-being. Addiction to spending money—sometimes known as shopaholism—is another, more common type of money-associated process addiction.
Wealthy children may be more troubled
Children growing up in wealthy families may seem to have it all, but having it all may come at a high cost. Wealthier children tend to be more distressed than lower-income kids, and are at high risk for anxiety, depression, substance abuse, eating disorders, cheating, and stealing. Research has also found high instances of binge-drinking and marijuana use among the children of high-income, two-parent, white families.
“In upwardly mobile communities, children are often pressed to excel at multiple academic and extracurricular pursuits to maximize their long-term academic prospects—a phenomenon that may well engender high stress,” writes psychologist Suniya Luthar in “The Culture Of Affluence.” “At an emotional level, similarly, isolation may often derive from the erosion of family time together because of the demands of affluent parents’ career obligations and the children’s many after-school activities.”
We tend to perceive the wealthy as “evil"
On the other side of the spectrum, lower - income individuals are likely to judge and stereotype those who are wealthier than themselves, often judging the wealthy as being “cold.” (Of course, it is also true that the poor struggle with their own set of societal stereotypes.)
Rich people tend to be a source of envy and distrust, so much so that we may even take pleasure in their struggles, according to Scientific American. University of Pennsylvania research demonstrated that most people tend to link perceived profits with perceived social harm. When participants were asked to assess various companies and industries (some real, some hypothetical), both liberals and conservatives ranked institutions perceived to have higher profits with greater evil and wrongdoing across the board, independent of the company or industry’s actions in reality.
Money can’t buy happiness (or love)
We tend to seek money and power in our pursuit of success (and who doesn’t want to be successful, after all?), but it may be getting in the way of the things that really matter: happiness and love.
There is no direct correlation between income and happiness. After a certain level of income that can take care of basic needs and relieve strain (some say $50,000 a year, some say $75,000), wealth makes hardly any difference to overall well-being and happiness and, if anything, only harms well-being: Extremely affluent people actually suffer from higher rates of depression.
Some data has suggested money itself doesn’t lead to dissatisfaction—instead, it’s the ceaseless striving for wealth and material possessionsthat may lead to unhappiness. Materialistic values have even been linked with lower relationship satisfaction.
But here’s something to be happy about: More Americans are beginning to look beyond money and status when it comes to defining success in life. According to a 2013 LifeTwist study, only around one-quarter of Americans still believe that wealth determines success.
This article originally appeared in the Huffington Post and Fulfillment Daily.
https://greatergood.berkeley.edu/article/item/how_money_changes_the_way_you_think_and_feel
The term “affluenza”—a portmanteau 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 contain more truth than many of us would like to think.
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 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 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. UC Berkeley research found that even fakemoney could make people behave with less regard for others. Researchers observed that when two students played Monopoly, one having been given a great deal more Monopoly money than the other, the wealthier player expressed initial discomfort, but then went on to act aggressively, taking up more space and moving his pieces more loudly, and even taunting the player with less money.
Wealth can cloud moral judgment
It is no surprise in this post-2008 world to learn that wealth may cause a sense of moral entitlement. A UC Berkeley study found that in San Francisco—where the law requires that cars stop at crosswalks for pedestrians to pass—drivers of luxury cars were four times less likely than those in less expensive vehicles to stop and allow pedestrians the right of way. They were also more likely to cut off other drivers.
Another study suggested that merely thinking about money could lead to unethical behavior. Researchers from Harvard and the University of Utah found that study participants were more likely to lie or behave immorally after being exposed to money-related words.
“Even if we are well-intentioned, even if we think we know right from wrong, there may be factors influencing our decisions and behaviors that we’re not aware of,” University of Utah associate management professor Kristin Smith-Crowe, one of the study’s co-authors, told MarketWatch.
Wealth has been linked with addiction
While money itself doesn’t cause addiction or substance abuse, wealth has been linked with a higher susceptibility to addiction problems. A number of studies have found that affluent children are more vulnerable to substance abuse issues, potentially because of high pressure to achieve and isolation from parents.
Studies also found that kids who come from wealthy parents aren’t necessarily exempt from adjustment problems—in fact, research found that on several measures of maladjustment, high school students of high socioeconomic status received higher scores than inner-city students. Researchers found that these children may be more likely to internalize problems, which has been linked with substance abuse. But it’s not just adolescents: Even in adulthood, the rich outdrink the poor by more than 27 percent.
Money itself can become addictive
The pursuit of wealth itself can also become a compulsive behavior. As psychologist Dr. Tian Dayton explained, a compulsive need to acquire money is often considered part of a class of behaviors known as process addictions, or “behavioral addictions,” which are distinct from substance abuse.
These days, the idea of process addictions is widely accepted. Process addictions are addictions that involve a compulsive and/or an out-of-control relationship with certain behaviors such as gambling, sex, eating, and, yes, even money …
There is a change in brain chemistry with a process addiction that’s similar to the mood-altering effects of alcohol or drugs.
With process addictions, engaging in a certain activity—say viewing pornography, compulsive eating, or an obsessive relationship with money—can kickstart the release of brain/body chemicals, like dopamine, that actually produce a “high” that’s similar to the chemical high of a drug.
The person who is addicted to some form of behavior has learned, albeit unconsciously, to manipulate his own brain chemistry.
While a process addiction is not a chemical addiction, it does involve compulsive behavior—in this case, an addiction to the good feeling that comes from receiving money or possessions—which can ultimately lead to negative consequences and harm the individual’s well-being. Addiction to spending money—sometimes known as shopaholism—is another, more common type of money-associated process addiction.
Wealthy children may be more troubled
Children growing up in wealthy families may seem to have it all, but having it all may come at a high cost. Wealthier children tend to be more distressed than lower-income kids, and are at high risk for anxiety, depression, substance abuse, eating disorders, cheating, and stealing. Research has also found high instances of binge-drinking and marijuana use among the children of high-income, two-parent, white families.
“In upwardly mobile communities, children are often pressed to excel at multiple academic and extracurricular pursuits to maximize their long-term academic prospects—a phenomenon that may well engender high stress,” writes psychologist Suniya Luthar in “The Culture Of Affluence.” “At an emotional level, similarly, isolation may often derive from the erosion of family time together because of the demands of affluent parents’ career obligations and the children’s many after-school activities.”
We tend to perceive the wealthy as “evil"
On the other side of the spectrum, lower - income individuals are likely to judge and stereotype those who are wealthier than themselves, often judging the wealthy as being “cold.” (Of course, it is also true that the poor struggle with their own set of societal stereotypes.)
Rich people tend to be a source of envy and distrust, so much so that we may even take pleasure in their struggles, according to Scientific American. University of Pennsylvania research demonstrated that most people tend to link perceived profits with perceived social harm. When participants were asked to assess various companies and industries (some real, some hypothetical), both liberals and conservatives ranked institutions perceived to have higher profits with greater evil and wrongdoing across the board, independent of the company or industry’s actions in reality.
Money can’t buy happiness (or love)
We tend to seek money and power in our pursuit of success (and who doesn’t want to be successful, after all?), but it may be getting in the way of the things that really matter: happiness and love.
- MORE ON INEQUALITYRead Jason Marsh's award-winning story on how inequality hurts everyone's happiness.
Discover how inequality can make the wealthy less cooperative.
Find out why affluent people are more likely to break rules.
Explore whether the rich are really less generous.
There is no direct correlation between income and happiness. After a certain level of income that can take care of basic needs and relieve strain (some say $50,000 a year, some say $75,000), wealth makes hardly any difference to overall well-being and happiness and, if anything, only harms well-being: Extremely affluent people actually suffer from higher rates of depression.
Some data has suggested money itself doesn’t lead to dissatisfaction—instead, it’s the ceaseless striving for wealth and material possessionsthat may lead to unhappiness. Materialistic values have even been linked with lower relationship satisfaction.
But here’s something to be happy about: More Americans are beginning to look beyond money and status when it comes to defining success in life. According to a 2013 LifeTwist study, only around one-quarter of Americans still believe that wealth determines success.
This article originally appeared in the Huffington Post and Fulfillment Daily.
How Money Can Change People
and Affect Their Behavior
and Affect Their Behavior
Your thoughts, behavior, and actions are all linked to your psychology, which is composed of a host of factors ranging from your genetic makeup to the way you were raised. While money doesn't exactly shape your belief system, it can influence the way you think and act toward others.
Going from rags to riches is essentially the American Dream. Whether it happens by way of a
better-paying job or winning the lottery, some studies suggest that money can change your behavior – and not always for the better. Of course, there are plenty of charitable, helpful, and giving wealthy people. However, results from some studies have proven that they may be the exception, rather than the rule.
Ways Money Affects Behavior
From your relationships to the way you view yourself, cash can have a serious bearing on your beliefs. There are numerous pieces of scientific evidence behind the idea that money truly can change people.
1. Social and Business Value
A 2004 study proved that money alters how you value your time and effort. Researchers James Heyman and Dan Ariely created an experiment by which they could measure how motivated a person was to complete a task based upon money. Subjects were asked to drag circles across a computer screen. One group was asked to do this as a “favor.” Another group was asked to do it for $0.50, and the last group was offered $5. After timing the subjects, it was actually the group asked to perform the task as a favor that did it the fastest. Next was the $5 group, and last was the $0.50 group.
Heyman and Ariely surmised that there are two motivations for completing a given task. The first is social. By recognizing a task’s social value, we see it as a worthy investment of time and a part of our social duty, and we are usually happy to help out. When money is offered as the motivation, however, we then start thinking less of the social aspect and more about the business value. Therefore, we measure our time against the monetary reward, which may be why the $0.50 group was the slowest – they simply thought their time and effort were worth more money.
It’s clear to see that money can be a motivator when it comes to determining value. While doing something for free as a favor has a positive connotation, that part of the brain is effectively turned off when money is introduced. This could have serious repercussions in your work life. If you feel like you deserve more money, you may under-perform as a result.
2. Self-Sufficiency and Service
Those who are conscious of money typically strive to be more self-sufficient than those for whom money isn’t a priority – at least that’s what a 2009 Yale School of Management study found. The study was structured around Monopoly money. One group of subjects entered a room that had several reminders of money, such as Monopoly cash on the table, statements about money, and even financial conversation. The second group of subjects entered a room where money wasn’t mentioned, and both were issued a test.
When given a very difficult and even impossible task, with instructions that help was available, it was the money-related group that seemed the most intent on getting the job done alone, even when it was not possible to finish the task solo. The non-money group, on the other hand, tended to ask for assistance. The study concluded that money-conscious individuals are more self-sufficient than their peers, particularly when money is made the focus.
The Yale study continued to measure how money affected a person’s behavior by using the same groups to illustrate compassion and service in both the money-conscious subjects and those subjects in a money-free environment. When a seemingly uninvolved person crossed their path with an armload of folders and pencils and then dropped them, it was the group that wasn’t reminded of money that was the most helpful. The money-conscious group was both less likely to offer and to seek assistance with a task.
3. Self-View
The amount you earn could have an effect on how you view both yourself and others. A study published in an August 2013 issue of the “Journal of Personality and Social Psychology” asked individuals to rate things such as class, genetics, and even I.Q. When the results were analyzed, they were defined as an individual’s sense of “class essentialism” – the idea that differences between classes are based upon identity and genetics, rather than circumstance.
The wealthiest respondents were those with the deepest sense of class essentialism. Poor people tended to believe that class was not related to genes – that essentially, anyone can be rich and anyone can be poor. Rich people, on the other hand, were more likely to believe that wealth was part of genes and identity – that they were entitled to wealth based upon their personal circumstances and actions. Wealthy respondents also believed that, more or less, life is fair and people mostly get what they deserve.
4. Ethics
When doing your taxes, do you report them perfectly, or do you think it’s acceptable to fudge the numbers a bit? A 2012 study published in an issue of “Proceedings of the National Academy of Sciences of the United States of America” asked if wealth and perception of a higher class could increase an individual’s involvement in unethical behavior.
From cutting off another vehicle at a stop sign, to cheating at a game, to taking more candy than offered, the wealthiest subjects were those most likely to break the rules, even when a researcher indicated that taking more candy would result in less for children. The study authors, Paul K. Piff, et al., noted that those who perceived themselves to be in a higher class were the most likely to engage in unethical behavior, particularly when a symbol of wealth was introduced, such as cutting off a pedestrian when in a luxury car, for example.
The study labeled the behavior “self-interest maximization,” an idea that suggests those who have the most money or occupy higher classes are more likely to take a “what’s in it for me?” attitude. They actively work toward the most benefit for themselves. The study points out that these individuals make excellent business leaders, since they often work the hardest to get the most out of a contract or job.
5. Addiction
Many addictions begin because a person gets a positive response from a certain type of behavior. Whether it’s a happy feeling you get from shopping or a thrill that comes from gambling, actively seeking out that behavior again and again for the same outcome can trigger an addiction. This is called a “behavioral or process addiction” – a compulsive behavior not motivated by dependency on an addictive substance, but rather by a process that leads to a seemingly positive outcome.
Earning money can be very addictive for some individuals. That high of a big check or a well-padded savings account can become the sole purpose of a wealth-searcher’s life, as warned by Dr. Tian Dayton, a clinical psychologist. She warns that the positive feeling that follows obtaining money can cause a chemical reaction in the brain that feels good. In turn, it can result in a severe preoccupation with money and put a strain on relationships outside of those that relate to earning more.
Final Word
It doesn’t matter if you were born wealthy or you win the lottery, money can affect the way you act – and some of those effects can be inherently negative. Still, by being conscious about the social pitfalls of wealth – such as lack of compassion, conflict between classes, isolation, and a deterioration of ethics – you can protect yourself from being affected by some of the negative aspects of having money. Making a commitment to volunteer, donating funds to a charity of your choice, and expanding your social circle to include friends from a variety of income levels can all help you do something positive with, and make the most of, your money.
While there’s an abundance of evidence that money does in fact change people, your mileage may vary. There are a number of socioeconomic factors that could skew study results, including age, race, education level, location, and personal attitudes toward money. It’s true that being considered “wealthy” may change the way you think, but it can’t change your genetics, identity, propensity for hard work, or family history. In the end, your ideals and values likely determine more about you than the size of your paycheck.
Do you think money changes people?
https://www.moneycrashers.com/money-changes-people-affect-behavior/
Going from rags to riches is essentially the American Dream. Whether it happens by way of a
better-paying job or winning the lottery, some studies suggest that money can change your behavior – and not always for the better. Of course, there are plenty of charitable, helpful, and giving wealthy people. However, results from some studies have proven that they may be the exception, rather than the rule.
Ways Money Affects Behavior
From your relationships to the way you view yourself, cash can have a serious bearing on your beliefs. There are numerous pieces of scientific evidence behind the idea that money truly can change people.
1. Social and Business Value
A 2004 study proved that money alters how you value your time and effort. Researchers James Heyman and Dan Ariely created an experiment by which they could measure how motivated a person was to complete a task based upon money. Subjects were asked to drag circles across a computer screen. One group was asked to do this as a “favor.” Another group was asked to do it for $0.50, and the last group was offered $5. After timing the subjects, it was actually the group asked to perform the task as a favor that did it the fastest. Next was the $5 group, and last was the $0.50 group.
Heyman and Ariely surmised that there are two motivations for completing a given task. The first is social. By recognizing a task’s social value, we see it as a worthy investment of time and a part of our social duty, and we are usually happy to help out. When money is offered as the motivation, however, we then start thinking less of the social aspect and more about the business value. Therefore, we measure our time against the monetary reward, which may be why the $0.50 group was the slowest – they simply thought their time and effort were worth more money.
It’s clear to see that money can be a motivator when it comes to determining value. While doing something for free as a favor has a positive connotation, that part of the brain is effectively turned off when money is introduced. This could have serious repercussions in your work life. If you feel like you deserve more money, you may under-perform as a result.
2. Self-Sufficiency and Service
Those who are conscious of money typically strive to be more self-sufficient than those for whom money isn’t a priority – at least that’s what a 2009 Yale School of Management study found. The study was structured around Monopoly money. One group of subjects entered a room that had several reminders of money, such as Monopoly cash on the table, statements about money, and even financial conversation. The second group of subjects entered a room where money wasn’t mentioned, and both were issued a test.
When given a very difficult and even impossible task, with instructions that help was available, it was the money-related group that seemed the most intent on getting the job done alone, even when it was not possible to finish the task solo. The non-money group, on the other hand, tended to ask for assistance. The study concluded that money-conscious individuals are more self-sufficient than their peers, particularly when money is made the focus.
The Yale study continued to measure how money affected a person’s behavior by using the same groups to illustrate compassion and service in both the money-conscious subjects and those subjects in a money-free environment. When a seemingly uninvolved person crossed their path with an armload of folders and pencils and then dropped them, it was the group that wasn’t reminded of money that was the most helpful. The money-conscious group was both less likely to offer and to seek assistance with a task.
3. Self-View
The amount you earn could have an effect on how you view both yourself and others. A study published in an August 2013 issue of the “Journal of Personality and Social Psychology” asked individuals to rate things such as class, genetics, and even I.Q. When the results were analyzed, they were defined as an individual’s sense of “class essentialism” – the idea that differences between classes are based upon identity and genetics, rather than circumstance.
The wealthiest respondents were those with the deepest sense of class essentialism. Poor people tended to believe that class was not related to genes – that essentially, anyone can be rich and anyone can be poor. Rich people, on the other hand, were more likely to believe that wealth was part of genes and identity – that they were entitled to wealth based upon their personal circumstances and actions. Wealthy respondents also believed that, more or less, life is fair and people mostly get what they deserve.
4. Ethics
When doing your taxes, do you report them perfectly, or do you think it’s acceptable to fudge the numbers a bit? A 2012 study published in an issue of “Proceedings of the National Academy of Sciences of the United States of America” asked if wealth and perception of a higher class could increase an individual’s involvement in unethical behavior.
From cutting off another vehicle at a stop sign, to cheating at a game, to taking more candy than offered, the wealthiest subjects were those most likely to break the rules, even when a researcher indicated that taking more candy would result in less for children. The study authors, Paul K. Piff, et al., noted that those who perceived themselves to be in a higher class were the most likely to engage in unethical behavior, particularly when a symbol of wealth was introduced, such as cutting off a pedestrian when in a luxury car, for example.
The study labeled the behavior “self-interest maximization,” an idea that suggests those who have the most money or occupy higher classes are more likely to take a “what’s in it for me?” attitude. They actively work toward the most benefit for themselves. The study points out that these individuals make excellent business leaders, since they often work the hardest to get the most out of a contract or job.
5. Addiction
Many addictions begin because a person gets a positive response from a certain type of behavior. Whether it’s a happy feeling you get from shopping or a thrill that comes from gambling, actively seeking out that behavior again and again for the same outcome can trigger an addiction. This is called a “behavioral or process addiction” – a compulsive behavior not motivated by dependency on an addictive substance, but rather by a process that leads to a seemingly positive outcome.
Earning money can be very addictive for some individuals. That high of a big check or a well-padded savings account can become the sole purpose of a wealth-searcher’s life, as warned by Dr. Tian Dayton, a clinical psychologist. She warns that the positive feeling that follows obtaining money can cause a chemical reaction in the brain that feels good. In turn, it can result in a severe preoccupation with money and put a strain on relationships outside of those that relate to earning more.
Final Word
It doesn’t matter if you were born wealthy or you win the lottery, money can affect the way you act – and some of those effects can be inherently negative. Still, by being conscious about the social pitfalls of wealth – such as lack of compassion, conflict between classes, isolation, and a deterioration of ethics – you can protect yourself from being affected by some of the negative aspects of having money. Making a commitment to volunteer, donating funds to a charity of your choice, and expanding your social circle to include friends from a variety of income levels can all help you do something positive with, and make the most of, your money.
While there’s an abundance of evidence that money does in fact change people, your mileage may vary. There are a number of socioeconomic factors that could skew study results, including age, race, education level, location, and personal attitudes toward money. It’s true that being considered “wealthy” may change the way you think, but it can’t change your genetics, identity, propensity for hard work, or family history. In the end, your ideals and values likely determine more about you than the size of your paycheck.
Do you think money changes people?
https://www.moneycrashers.com/money-changes-people-affect-behavior/
Why do people say 'money changes people'? - Quora
How does money affect people's behavior?
Do you feel like money has changed your personality?
Does money change attitude?
How can money change one's personality?
More results from www.quora.com
https://www.quora.com/Why-do-people-say-money-changes-people
How does money affect people's behavior?
Do you feel like money has changed your personality?
Does money change attitude?
How can money change one's personality?
More results from www.quora.com
https://www.quora.com/Why-do-people-say-money-changes-people
Let's Make the World
a Better Place for Everyone
The Healthy Life
Listen to the whole video.
https://www.youtube.com/watch?v=DdEcZl3yM_I
Really pay attention, because this could be the start of your new life.
Believe it or not - the answer to success,
prosperity and personal freedom is not out of reach or unrealistic.
The problem is most people think it IS, and as long as they believe that,
they will NEVER get out of the rut they are in.
The biggest barrier of all is personal beliefs,
bad programming and myths repeated over and over to us by people around us ...
people that will never go anywhere in life because of the day they think and see things.
Most people are like this.
How come YOU haven't put serious effort into following your dreams?
Be honest.
Probably because you thought your chances weren't that great.
Who put that negativity into your head?
Sure you've had lots of setbacks in your life and not much money - but we've ALL been there.
So what's the difference between those who push through their barriers and those that don't?
I can give you the answers, but are you willing to listen?
Are you willing to actually do what it takes?
I'm here to help those who are serious.
And I give the information for free.
Life is short. It is meant to be lived. The choice is yours.
a Better Place for Everyone
The Healthy Life
Listen to the whole video.
https://www.youtube.com/watch?v=DdEcZl3yM_I
Really pay attention, because this could be the start of your new life.
Believe it or not - the answer to success,
prosperity and personal freedom is not out of reach or unrealistic.
The problem is most people think it IS, and as long as they believe that,
they will NEVER get out of the rut they are in.
The biggest barrier of all is personal beliefs,
bad programming and myths repeated over and over to us by people around us ...
people that will never go anywhere in life because of the day they think and see things.
Most people are like this.
How come YOU haven't put serious effort into following your dreams?
Be honest.
Probably because you thought your chances weren't that great.
Who put that negativity into your head?
Sure you've had lots of setbacks in your life and not much money - but we've ALL been there.
So what's the difference between those who push through their barriers and those that don't?
I can give you the answers, but are you willing to listen?
Are you willing to actually do what it takes?
I'm here to help those who are serious.
And I give the information for free.
Life is short. It is meant to be lived. The choice is yours.
Read "The Prosperity Secret"
http://markusrothkranz.com/online-store/prosperity-secret/index.html
and the pocketbook "Instructions for a New Life"
http://markusrothkranz.com/online-store/instructions-for-a-new-life-book/index.html
http://thehealthylife.com
http://markusrothkranz.com/online-store/prosperity-secret/index.html
and the pocketbook "Instructions for a New Life"
http://markusrothkranz.com/online-store/instructions-for-a-new-life-book/index.html
http://thehealthylife.com
