Having the ‘right’ friends may hold the secret to building wealth, according to new study on socioeconomic ties
- Written by Brad Cannon, Assistant Professor of Finance, Binghamton University, State University of New York
A study finds that making friends with wealthy individuals plays an important role in shaping financial behaviors.Nicola Katie/Getty ImagesHaving wealthy people in your social network significantly boosts the likelihood that you’ll participate in stock markets and savings plans, according to a new working paper I co-authored.
My colleagues...










