Are the wealthy, with so much abundance more inclined to share their riches? Do having more mean your are willing to give more to others?
It’s a simple question but one that could have big ramifications for how we order our society. Unfortunately, figuring out the answer to this question hasn’t proven easy for scientists studying the dilemma of societal generosity.
Several studies have tried to get to the bottom of which class is more generous than the other and the evidence doesn’t point in one clear direction. Psychology Today tried to explore the ways in which wealth affects generosity and this is what it found.
One of the most telling studies on the topic was published in the Journal of Psychology in Personality in 2020 and found wealth was linked to what the authors called prosocial behavior—behaviors such as helping others or giving one’s time and money to help others.
This type of giving seems intuitive according to Psychology Today, which explained that it makes sense to assume those who have more money would be more likely to donate their wealth to others. However, not every study found the wealthy to be so generous.
For example, research published in the journal Psychology and Cognitive Sciences in 2015 found income inequality led to higher-income individuals being less generous when they resided in a highly unequal area or when inequality was portrayed as relatively high.