PSYCHOLOGY OF EMOTIONS

Detailed explanation-1: -This money definitely aids them in leading a great life but it is never directly proportional to their level of happiness. This is due to the reason that money only offers materialistic happiness to people whereas happiness in its purest form comes when the mind and the body are in complete harmony with each other.

Detailed explanation-2: -In common language, the terms “rich” and “poor” are often used in a relative sense: A “poor” person has less income, wealth, goods, or services than a “rich” person. When considering nations, economists often use gross domestic product (GDP) per capita as an indicator of average economic well-being within a country.

Detailed explanation-3: -In a simple explanation: The Rich operates in Abundance mode, while the Poor operates in scarcity mode. Abundance – You give more because you are already in a better position, which in return attracts more returns. And the Rich habit effect is passed on.

Detailed explanation-4: -Piff and his colleagues theorize that the reason the rich seem to be less caring and compassionate compared to their peers is that their wealth affords them the luxury of not having to rely on others. Over time, their sense of empathy can grow less sensitive.