The Rich Are Different: Unravelling the Perceived and Self‐Reported Personality Profiles of High‐Net‐Worth Individuals

Aufsätze referiert extern - Web of Science 2019

Marius Leckelt, David Richter, Carsten Schröder, Albrecht C. P. Küfner, Markus M. Grabka, Mitja D. Back

In: British Journal of Psychology (2019), im Ersch. [online first: 2018-11-22]

Abstract

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.

Carsten Schröder

Direktorium SOEP und Bereichsleitung Angewandte Panelanalysen in der Infrastruktureinrichtung Sozio-oekonomisches Panel

David Richter

Survey Manager SOEP-IS in der Infrastruktureinrichtung Sozio-oekonomisches Panel

Markus M. Grabka

Wissenschaftlicher Mitarbeiter in der Infrastruktureinrichtung Sozio-oekonomisches Panel