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PsyArXiv Preprints | The rich are different: Unraveling the perceived and self-reported personality profiles of high net-worth individuals
Beyond money and possessions, how are the rich different from the general population? Drawing on a unique sample of high net-worth individuals from Germany (≥1 million Euro in financial assets; N = 130), nationally representative data (N = 22,981), and an additional online panel (N = 690), we provide the first direct investigation of the stereotypically-perceived and self-reported personality profiles of high net-worth individuals. Investigating the broad personality traits of the Big Five and the more specific traits of narcissism and locus of control, we find that stereotypes about wealthy people’s personality are accurate albeit somewhat exaggerated and that wealthy people can be characterized as stable, flexible, and agentic individuals who are focused more on themselves than on others.
psychology  wealth  capitalism  social-norms  cultural-norms  social-psychology  stereotypes  yup 
6 days ago by Vaguery
Mark Zuckerberg 2017 Net Worth Increase More Than Jeff Bezos | Money
Amazon CEO Jeff Bezos was, briefly, the richest man in the world late last month.
data  wealth  inequality  political 
8 days ago by SarahHolyfield
America for sale: 38% of all election funding comes from 0.0001% of Americans (2,210 people account for 25% of the total) / Boing Boing
0.5% of Americans given $200 or more in campaign contributions, accounting for 66% of all campaign funding, but that's nothing: only 0.0001% give $10,000 or more, and their donations are 38% of all the money sloshing around in US electoral campaign coffers.

That means a mere 37,000 people account for more than a third of US campaign finance, out of a population of 325,700,00 people.

But even these 37,000 are small fry compared to the 2,210 people who account for 25% of all campaign spending: $1.1 billion in total.

And of course, that's just the money we know about. Thanks to Citizens United, which allowed for unlimited, anonymous campaign spending, there's billions more spent by "dark money groups" whose funders are a secret.
campaign  finance  election  giving  wealth  1% 
10 days ago by Quercki

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