A lot of people think that wealth can change a person. I think to some extent that is true. I think there’s a few ways money can have an impact on how a person is or acts. If a child grows up in a home with parents that receive a high income and they get whatever they want and throw tantrums if it’s anything else besides that then they might become adults who keep expecting more and more. They aren’t going to want to settle for less. They’ll only see wealth as a sign of happiness in life and possessions will make them happy.
If a child grows up in a completely different environment where they’ve never had the luxuries of getting anything they ask for and when they do, it’s a big event for them then I think they become an adult who is humbled. They don’t expect everything in the world. Now this all definitely stereotypical because not ever kid in these situations turns out like that but I did do some research and studies have shown that richer people tend to be “colder” towards others than poor people, who are more empathetic to people. From my own personal experience, I CAN say that money can change you. When I have a lot of money on me I’m more frivolous and tend to buy things that will make me happy and when I have less money, I become more conservative, restrict myself to window shopping, and find other ways to have fun that are cheap and less inexpensive.
-Several studies have shown that wealth may be at odds with empathy and compassion. Research published in the journal Psychological Science also found that people of lower economic status were better at reading others’ facial expressions — an important marker of empathy — than wealthier people.
While a lack of resources fosters greater emotional intelligence, having more resources can cause bad behavior in its own right. University of Berkeley research found that even fake money could make people behave with less regard for others. Researchers observed that when two students played monopoly, one having been given a great deal more Monopoly money than the other, the wealthier player expressed initial discomfort, but then went on to act aggressively, taking up more space and moving his pieces more loudly, and even taunts the player with less money
Children growing up in wealthy families may seem to have it all, but having it all may come at a high cost. Wealthier children tend to be more distressed than lower-income kids, and are at high risk for anxiety, depression, substance abuse, eating disorders, cheating and stealing. Research has also found high instances of binge-drinking and marijuana use among the children of high-income, two-parent, white families.