Mo' Money Mo' Problems

MO MONEY MO PROBLEMS -- %3B of ARE RICH PEOPLE UNETHICAL? Studies suggests that people who are socially and financially better-off are more likely to lie, cheat, and otherwise behave unethically compared to those lower on the social and financial ladder. The richest 1% The top 1% average salary: captured 93% of income gains in 2010 $717,000 Н Е The bottom 90% average salary: $36,000 The Wealthy Are Unethical A study conducted by UC Berkeley found: In one experiment, wealthier people took twice as Half of all drivers in expensive cars cut off pedestrians at crosswalks - Only 30% of drivers in cheaper cars did the same thing many candies as poorer people from a jar that had been designated for children Drivers of expensive cars were 4x more likely to cut off drivers of lower status vehicles For a chance to win $50, rich people cheated 3 times as much Lower-class people were better at reading emotions on as poor people others' faces – one measure of what researchers call empathic 50 accuracy fig 1 fig 2 Americans with incomes of $70,000 a year shoplift 30% more than those earning under $20,000 DANG Percentage of Income Donated to Charity Those earning between $50,000 and $100,000 understate their incomes by 8% Households earning over $100,000 Households earning under $25,000 2.7% 4.2% Those earning between $500,000 and $1,000,000 understate their incomes by 21% Being Bad Isn't Good Rich men cheat Wealthy people are more likely to default on mortgage on their wives more Less than $35,000 Mortgages of more than $1 million: 21% 1 in 7 default on their loans A Mortgages of less than $1 million: O|O|0|G 1 in 12 default More than $300,000 32% on their loans The Rich Don't Care The average CEO: $173,077/month Their workers: $618/month