New Psychological Studies: How The Wealthy Really Are Different From Everyone Else

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New Psychological Studies: How The Wealthy Really Are Different From Everyone Else
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Scientists have discovered which personality traits are important to grow rich

The author F. Scott Fitzgerald is credited with saying: “The rich are different from you and me.” And Ernest Hemingway is supposed to have responded: “Yes, they have more money.” In fact, the actual words Fitzgerald used in his short story “The Rich Boy” are: “Let me tell you about the very rich. They are different from you and me.

When you compare the personality traits of the general population with those of the researchers’ wealthy interviewees, the following patterns emerge:The rich are especially extravertedThe rich are less agreeable, which means they less likely to shy away from conflictsIn addition to the Big Five test, the researchers also investigated two other personality traits: narcissism and internal locus of control. Their findings:The rich exhibit a stronger internal locus of control.

In contrast to the recent survey of 130 wealthy individuals mentioned above, the study of the superrich involved in-depth interviews of between one and two hours each. In addition, the superrich interviewees not only completed a condensed version of the Big Five test, they took the detailed version with 50 questions.

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