Scarcity of money, time, food or anything else focuses the mind on immediate concerns and discourages taking a broader perspective. This scarcity mindset helps to explain why poor people often save too little and borrow too much, and it presents policy makers with an opening to encourage better financial decisions among low-income individuals, a new study concludes.
Patrick is moderator of this thread.
Watch comments by email
questions or suggestions? write email@example.com