{"id":631732,"date":"2018-03-26T04:04:02","date_gmt":"2018-03-26T04:04:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/26\/our-perception-of-affluence-is-a-bigger-determinant-of-behavior-than-financial-realities\/"},"modified":"2018-03-26T04:04:02","modified_gmt":"2018-03-26T04:04:02","slug":"our-perception-of-affluence-is-a-bigger-determinant-of-behavior-than-financial-realities","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/26\/our-perception-of-affluence-is-a-bigger-determinant-of-behavior-than-financial-realities\/","title":{"rendered":"Our perception of affluence is a bigger determinant of behavior than financial realities"},"content":{"rendered":"

The way we perceive our economic standing often often has a bigger effect on our behavior than the reality of the situation<\/strong>. Psychologists have found that people often derive their perception of their affluence through comparison with others \u2014 and are likely to change their behavior based on the subjective experience of feeling poor. This perception is usually not an actual reflection of reality; we are likely to see others as better-off than us, and therefore feel deprived, even if we are actually economically comfortable. \u201cIf affluence is in the eye of the beholder, then even the super-rich, when they compare their situation with that of the ultra-rich, can feel sorry for themselves<\/strong>,\u201d Elizabeth Kolbert writes for the New Yorker<\/a>. \u201cIn a society where economic gains are concentrated at the top \u2026 there are no real winners and a multitude of losers.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The way we perceive our economic standing often often has a bigger effect on our behavior than the reality of the situation. Psychologists have found that people often derive their perception of their affluence through comparison with others \u2014 and are likely to change their behavior based on the subjective experience of feeling poor. This […]<\/p>\n","protected":false},"author":1,"featured_media":631733,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9003],"tags":[72,2397],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-reading","tag-enterpriseam","tag-worth-reading","wpautop","entry"],"acf":{"mongo_id":"623f994f-e057-4cfb-816d-ab9550c874ed","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/3\/1166.jpg","photo_position":"above","related_issue":[631705],"teaser":"","voice_url":""},"yoast_head":"\nOur perception of affluence is a bigger determinant of behavior than financial realities - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/26\/our-perception-of-affluence-is-a-bigger-determinant-of-behavior-than-financial-realities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Our perception of affluence is a bigger determinant of behavior than financial realities\" \/>\n<meta property=\"og:description\" content=\"The way we perceive our economic standing often often has a bigger effect on our behavior than the reality of the situation. Psychologists have found that people often derive their perception of their affluence through comparison with others \u2014 and are likely to change their behavior based on the subjective experience of feeling poor. 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