A few days ago I had an email from the guys who offered to share their infographic with my readers, to gauge your opinion on a kind of sensitive issue. We all know about the wealthy and the poor divide. Perhaps, I’d use the word “financially well-off”, since we know that rich people also cry (this was the name of a massively popular Latin American soap opera that we all used to watch in the early 1990s), so you can be very rich on the outside and afford expensive life style, but you’ll be crippled inside and thus emotionally poor.
This “philosophical” problem, however, seems to be quite unimportant, as money is the root of all evil and good things – or so we think. The infograph looks at modes of behaviour that vary, depending on the financial well-being or the status dictated thereof. A CEO finds it OK to receive a monthly salary of nearly 300 times more than their employee. The findings state that rich people default on mortgage, understate their income, and are not quite charitable people: only 2,7% of households earning over $100,000 donated to charity, as opposed to 4,2% of households earning under $25,000. The most surprising for me was the statement that “Americans with incomes of more than $70,000 shoplift 30 times more than those earning under $20,000“.
Sources used to create the infographic include publications in The New York Times, The Washington Post, Reuters, and Live Science.
We all look forward to hearing your views. What statements do you agree with? If you consider yourself a wealthy person but do not cheat and steal, why, do you think, it is common among other rich people to game the system to increase their gain? Are they all just hungry for money, or does something else underpin such behaviour?
Created by: Accounting Degree Online