Essay The Significant Role of Money in Everyday Life

857 Words 4 Pages
Money is a major driving force in our lives, and people will often act in immoral and exploitative ways to acquire it. This money-immorality association is well established in psychological research, with results consistently showing that subjects who are primed to think about money are later more likely to lie, cheat and steal than the subjects who were thinking about other factors. However, the study performed by Francesca Gino and Cassie Mogilner suggests that it is not necessarily money – or the love of it – that is the root of unethical behaviour; but instead it is the way the thought of money suppresses reflection. The researchers suggested that the tendency to cheat could be reversed by prompting people toward self-reflection. Aligning with previous research findings, Francesca Gino and Cassie Mogilner has convincingly shown a a link between money and morality, as well as suggested that thinking about time may be a useful way to prime us to follow our moral compass. This can have important applications within a contemporary society which tends to prime us to pay more attention to money, as we can find methods to encourage reflection on the self at the time of temptations, rather than the potential rewards they can accrue by cheating, as an effective way to curb dishonesty.

Considering the significant role of money in everyday life, the idea that money’s mere salience increases selfishness and encourages less ethical behaviour (Vohs, Mead, & Goode, 2006) has…