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UrduNew research involving faculty at Binghamton University, State University of New York shows how people with friends who make more money than they do are more likely to save and make smart financial investments themselves.
Tag: Wealth
People overestimate Black Americans’ chances of economic success
Americans consistently believe that poor African Americans are more likely to move up the economic ladder than they actually are, a new study shows.
Tom Stanley: He transformed the way we view wealth
It has been a quarter of a century since Thomas Stanley, who received his doctorate in business administration in 1974 from the University of Georgia, wrote the bestselling book “The Millionaire Next Door: The Surprising Secrets of America’s Wealthy.” Co-authored with a former student, William D. Danko, the book’s enduring and timeless message was that many wealthy individuals grew rich on an average salary, through hard work, modest spending, careful saving and taking the occasional calculated risk.
Higher Income Predicts Feelings Such as Pride and Confidence
People with higher incomes tend to feel prouder, more confident and less afraid than people with lower incomes, but not necessarily more compassionate or loving, according to research published by the American Psychological Association.
Chicago’s racial wealth gap examined in new UIC report
Interviews by the University of Illinois Chicago’s Institute for Research on Race and Public Policy highlight the precarity of many Black and Latino families who have ‘made it’
COVID-19 demonstrates why wealth matters
While COVID-19 has impacted all individuals, the impact has not been equal. In a new national Socioeconomic Impact of COVID-19 survey, the Social Policy Institute at Washington University in St. Louis found that liquid assets increased the likelihood that an individual could practice social distancing. However, Black individuals were least likely to afford social distancing.
Research Brief: What Does The Car You Drive Say About Your Manners?
New UNLV study finds that drivers of flashy cars are less likely to yield for pedestrians.
U-M research shows how wealth begets educational disparity
It’s no secret that students whose families have more money typically perform better in school than those who come from homes with fewer financial resources.