6533b820fe1ef96bd1279176
RESEARCH PRODUCT
The rich are different: Unravelling the perceived and self-reported personality profiles of high-net-worth individuals.
David RichterMarius LeckeltMarius LeckeltMarkus M. GrabkaCarsten SchröderCarsten SchröderAlbrecht C. P. KüfnerMitja D. Backsubject
MalePersonality Inventorymedia_common.quotation_subjectPopulation050109 social psychologySample (statistics)050105 experimental psychologyFinancial StatementsGermanyNarcissismmedicinePersonalityHumans0501 psychology and cognitive sciencesBig Five personality traitseducationGeneral Psychologymedia_commonAgededucation.field_of_studyStereotyping05 social sciencesNet worthSelf ConceptLocus of controlNarcissismFemaleSelf Reportmedicine.symptomStereotyped BehaviorPsychologySocial psychologyPersonalitydescription
Beyond money and possessions, how are the rich different from the general population? Drawing on a unique sample of high-net-worth individuals from Germany (≥1 million Euro in financial assets; N = 130), nationally representative data (N = 22,981), and an additional online panel (N = 690), we provide the first direct investigation of the stereotypically perceived and self-reported personality profiles of high-net-worth individuals. Investigating the broad personality traits of the Big Five and the more specific traits of narcissism and locus of control, we find that stereotypes about wealthy people's personality are accurate albeit somewhat exaggerated and that wealthy people can be characterized as stable, flexible, and agentic individuals who are focused more on themselves than on others.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2017-10-30 | British journal of psychology (London, England : 1953)References |