Does Money Really Affect Motivation? A Review of the Research

“Money does not buy engagement” is one key points, and this quote does a good job of summarizing much of the existing research:

“The fact that there is little evidence to show that money motivates us, and a great deal of evidence to suggest that it actually demotivates us, supports the idea that that there may be hidden costs associated with rewards.”

That being said, we’re all different, so there’s no one size fits all answer to this question. Regardless, this is a very informative read (albeit quite long).

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