The love of money is the root of all evil is increasingly evident in the modern society. In the Subprime Mortgage Crisis between 2007 and 2009, hundreds of Wall Street tycoons repeatedly sought out and exploited loopholes within the federal banking system. The crisis represented the classic irony world suffers from, where the rich get richer, and the poor get poorer. The financial disaster is just one of many instances in recent history where high-class individuals have utilized their wealth, power, and status to manipulate various institutions. 

Beyond the basic needs, money helps people to achieve their life’s goals and supports the things they care about most deeply like the family, education, health care, charity, adventure and fun. It helps people get some of life’s intangibles like  freedom or independence, the opportunity to make the most of their  skills and talents, the ability to choose their own course in life, financial security. With money, much good can be done and much unnecessary suffering avoided or eliminated.

Money can give people the power to make a difference in the lives of others, but not the desire to do so.It can give them the time to develop and nurture relationships, but not the love and caring necessary to do so. It can just as easily make us jaded, escapist, selfish, and lonely. There  have been some instances where money power succeeded in making people vote to a person which is visible in the criminalisation of politicians in India .

By placing a premium on wealth, modern society essentially programs your brain to view money accumulation as the ultimate goal and abuse of power is rampant. The way a person earns money is not considered now a days . In many marriages it is considered if a girl gets a rich groom and a wealthy family she is very lucky but the values of the person are totally ignored which are essential for a human.

Money probably isn’t the root of all evil. But it can definitely lead to some wicked behaviour, shows a new study from Harvard Business School. When people were primed to think about money, 88 percent cheated and kept funds they hadn’t earned.

Several studies have shown that wealth may be at odds with empathy and compassion. Research published in the journal Psychological Science also found that people of lower economic status were better at reading others facial expressions  an important marker of empathy than wealthier people

There appears to be an abundance of data supporting the lack of empathy, compassion, and general prosocial behavior exhibited by the wealthier subpopulation of individuals. The latest scams by business tycoons like Vijay mallya and Nirav Modi uphold this fact.

We always think if we just had a little bit more money, we’d be happier, but when we get there, we are not. Once you get basic human needs met, a lot more money doesn’t make a lot more happiness. This needs to be remembered and it is always important to remember how you become rich rather than ho much you own.