Video Resource: Does Having More Money Make People More Likely To Break the Law?

Apr 09, 2015
Behavioral Finance, Question of the Day, Research, Personal Finance, Current Events, Video Resource, Generosity

Answer:  When it comes to stopping for pedestrians, the answer is a resounding YES.

See video from BBC here

Additional details (from BBC):

“He’s here to illustrate one of his more provocative experiments – who is more likely to stop for pedestrians, the rich or the poor?

Drivers are legally obliged to stop if someone wishes to cross. And, as a Lexus blithely slips through in front of him, Piff explains what his researchers found.

“None of the drivers of the least expensive cars broke the law, while close to 50% of our most expensive car drivers broke the law,” he says.

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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