How does money affect people

But the reasons are debated. How does money influence health? Downloads Related content Summary Why do people in poverty tend to have poorer health? The more money families have, the better the goods they can buy. 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. 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. 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. Many addictions begin because a person gets a positive response from a certain type of behavior.

Earning money can be very addictive for some individuals. 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. 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.

There are a number of socioeconomic factors that could skew study results, including age, race, education level, location, and personal attitudes toward money. In the end, your ideals and values likely determine more about you than the size of your paycheck. A study conducted in a group of children, has shown that handling money may reduce helpfulness and generosity, but increase perseverance and effort applied to difficult tasks.

The study group comprised Polish and American children, 3 to 6 years of age. The children who had contact with money during the experiment, have shown a decrease in pro-social behaviors and an increase in egoistical attitudes. Children do not understand the economic value of money, but they comprehend its emotional value. During the study the children were given various tasks to complete. The first group had to sort coins and banknotes, while the second group was sorting buttons or candy.

Next, the children were asked to help others, to share their prize or to complete a difficult task, such as completing a puzzle or finding their way through a labyrinth.

The children who had contact with money demonstrated an increase in egoistical behaviors. They were less eager to help the researchers, corralled more awards for themselves, and they were less likely to share the rewards with their peers.