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3 Jan, 2015

5 Studies That Show How Wealth Warps Your Soul | Alternet

January 2, 2015 | “Money can’t buy happiness,” the old adage warns, although poverty is hardly a day at the beach. But according to several recent studies, excessive wealth not only fails to bring contentment, it warps your soul. (Or brain, for the skeptics among you.)

That’s the thesis of a Michael Lewis essay on how being rich can make you both more “selfish and dishonest.” Opening with an instructive lesson drawn from youthful days at a summer tennis camp, Lewis cites a broad array of studies showing the deleterious impact of excess wealth. But he does not think the problem is inborn, or that genetically nasty people are more apt to make big bucks. No, he writes: “The problem is caused by the inequality itself: It triggers a chemical reaction in the privileged few. It tilts their brains. It causes them to be less likely to care about anyone but themselves or to experience the moral sentiments needed to be a decent citizen.”

Read the rest: 5 Studies That Show How Wealth Warps Your Soul | Alternet.