2010
DOI: 10.1177/0956797610371963
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Money Giveth, Money Taketh Away

Abstract: This study provides the first evidence that money impairs people's ability to savor everyday positive emotions and experiences. In a sample of working adults, wealthier individuals reported lower savoring ability (the ability to enhance and prolong positive emotional experience). Moreover, the negative impact of wealth on individuals' ability to savor undermined the positive effects of money on their happiness. We experimentally exposed participants to a reminder of wealth and produced the same deleterious eff… Show more

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Cited by 104 publications
(18 citation statements)
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References 27 publications
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“…Among upper-middle class children, sports as leisure and spontaneous play has largely been replaced by regimented competition as early as second grade (Luthar et al, 2013). One study found that possession of high income reduced people's ability to savor the pleasures of everyday life (Quoidbach et al, 2010). Overall, evidence points to a culture of privilege within more highly educated circles in the United States that overvalues extrinsic goals and undervalues the intrinsic, a phenomenon which current evidence suggests may not extend to China or India.…”
Section: Discussionmentioning
confidence: 99%
“…Among upper-middle class children, sports as leisure and spontaneous play has largely been replaced by regimented competition as early as second grade (Luthar et al, 2013). One study found that possession of high income reduced people's ability to savor the pleasures of everyday life (Quoidbach et al, 2010). Overall, evidence points to a culture of privilege within more highly educated circles in the United States that overvalues extrinsic goals and undervalues the intrinsic, a phenomenon which current evidence suggests may not extend to China or India.…”
Section: Discussionmentioning
confidence: 99%
“…The items were gender, skin complexion, height, weight, waist size, date of birth, name, roll number in class, mobile number, and email. Following previous researchers (Vohs et al, 2008; Quoidbach et al, 2010), the background picture of the form manipulated the prime. The experimental group ( n = 42) saw a picture of Indian currency notes printed in color in the background, while the control group ( n = 41) saw a scrambled version of the same picture in the background (see Figures S1, S2 in supplementary material).…”
Section: Methodsmentioning
confidence: 98%
“…Tenacious commitment to high productivity leaves little time to pursue rewards such as friendships, art, and spirituality (Csikszentmihalyi, 1999; Deiner, 2000; Schor, 1999), and mental health is compromised among people strongly invested in extrinsic goals involving high status, relative to intrinsic goals such as relationships and personal growth (Kasser, 2002; Ryan et al, 1999; Sheldon & Kasser, 1995). In experimental research, Quoidba, Dunn, Petrides, and Mikolajczak (2010) demonstrated that the possession of (and even the reminder of) high income was linked with reduced abilities to savor the small pleasures in everyday life; low savoring abilities in turn were linked to lower happiness.…”
Section: The Ecological Context: the Culture Of Affluence And Costs Omentioning
confidence: 99%