« previous   next »

Too little money, too much borrowing


By Patrick   Follow   Sun, 4 Nov 2012, 9:26pm PST   193 views   0 comments
Watch (0)   Share   Quote   Permalink   Like   Dislike  

http://www.sciencenews.org/view/generic/id/346200/description/Too_little_money,_too_much_borrowing?source=Patrick.net

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.

Email

Username

Watch comments by email

home   top   share   link sharer   users   register   best of   about   questions or suggestions? write p@patrick.net