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Speaking of Psychology

The psychology of wealth, empathy and entitlement, with Paul Piff, PhD

Speaking of Psychology

Kim Mills

Health & Fitness, Life Sciences, Science, Mental Health

4.3781 Ratings

🗓️ 25 June 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Can money make you mean? Most of us like to think we’d stay grounded if we were to become wealthy, but psychologists’ research suggests that money, status and power shape people’s beliefs and behavior – sometimes in surprising ways. Paul Piff, PhD, of the University of California, Irvine, talks about money, fairness and empathy; the relationship between money and happiness; and the implications of rising income inequality. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Before we get started today, I'd like to take a moment to ask you to fill out our listener's survey.

0:06.2

We'd like to learn more about you and what you think of speaking of psychology.

0:10.9

So if you would, please go to at.a.a.org slash sop survey.

0:18.7

That's at.a.apa.org slash S-O-P-Survey.

0:25.3

Thank you.

0:26.2

We really appreciate it.

0:27.7

Now, on to the episode.

0:30.9

Hey, I'm Mark Ronson.

0:32.7

And I'm Ray.

0:33.6

To celebrate 150 years of Out of my P-Gay,

0:36.5

we've teamed up to create something timeless.

0:39.3

A tribute to legacy, rhythm and craft with a very special connection at its heart.

0:44.9

A soundscape from two cities, two perspectives and one shared vision.

0:49.4

Introducing our brand new song, Suzanne. Susan, I need you.

0:57.0

Most of us like to think we'd stay grounded if we were suddenly to become very wealthy,

1:04.0

that we'd still be our old selves, just with more money.

1:08.0

But psychologists' research suggests that this might not be true.

1:11.6

In recent years, studies have found that gaining money and status can shift how people see themselves

1:17.6

and how they behave toward others. While it was the novelist F. Scott Fitzgerald who wrote

1:22.6

that the rich are different from you and me, it is psychologists who have shown this to be true. Today we're going to talk to a psychologist who studies wealth and the ways in which the rich are indeed different.

1:33.3

How do money, status, and power shape people's behavior and beliefs?

1:38.3

What are the psychological mechanisms at play?

...

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