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.
Too little money, too much borrowing
By Patrick Follow Mon, 5 Nov 2012, 5:26am 124 views 0 comments
In Menlo Park CA 94025
Watch (0) Share
Quote
Permalink Like Dislike
|
Patrick is moderator of this thread. |