patrick.net

  new post
register or log in

patrick.net's 40 proposals »

10,731 registered users, 12 online now: APOCALYPSEFUCK_is_ADORABLE, Blurtman, c1561490, Ceffer, Dan8267, errc, Hater, indigenous, iwog, P N Dr Lo R, Patrick, rpanic01

Too little money, too much borrowing

By Patrick (232/232 = 100% civil)   2012 Nov 4, 9:26pm   ↑ like   ↓ dislike   274 views   0 comments   watch (0)   share   quote  

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.

Watch comments by email

home   top   users   about   contact  
housing crash   thunderdome   sexy pix   site suggestions  
best comments   ad hominem comment jail   patrick.net on twitter   random post  
please recommend patrick.net to your friends