Studies reveal the super-rich suffer anxiety, lack of empathy due to wealth
The recent leak of the so-called Panama Papers has revealed just how common it is for the super-rich to squirrel away billions in offshore tax havens. And it also brought to light an unsavoury sense of entitlement that stoked global outrage at the upper-upper crust.
But what makes the super-rich tick?
One of the most common things participants of this survey revealed is there aversion to discuss dilemmas in public.
The survey results also showed super-rich people were dissatisfied a lot and wealth contributed to deep anxieties involving love, work and family. As well, respondents who earned their wealth rather then inherit their fortune, worry less about their self-worth.
In addition, studies by a team at Yale University found the more wealth people have, the more poorly they are in reading people's emotions. Often the wealthier the person, the more autonomous a person became — paying more attention to goals and less attention to people's emotions.
Guest in this segment:
- Geoffrey Loomer, associate professor at Dalhousie University's Schulich School of Law.
- Graeme Wood, contributing editor at The Atlantic and the Edward R. Murrow Press Fellow at the Council on Foreign Relations
- Michael Kraus, assistant professor of organizational behaviour at Yale University.
This segment was produced by The Current's Ines Colabrese and Shannon Higgins.