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The poverty mindset

Posted by: In: Poverty in the News 05 Dec 2013 Comments: 0
Perhaps the fake story by Linda Tirado had some truth to it after all. This article helps to explain the mindset the poor often have when it comes to income and spending.

“Imagine that instead of having to deal with consumption smoothing decisions, at most, several times a year, you had to deal with them several times a month, or even several times a week. Now also imagine… the best that you can hope for is a temporary fix that delays having to deal with the issue.

That is what it’s like to be the working poor.”


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