Earlier quoted context omitted.
Or maybe people with marginal incomes spend themselves into sustained poverty through wasteful consumption. If they saved money instead of buying minimally useful possessions and saving the possessions, maybe they wouldn't have to worry about being able to afford stuff they need. You and I have probably known different sets of poor people, but I've seen cases of this. That doesn't justify throwing things away once yo…
Wow, that's possibly the most arrogant, yet typically upper-middle class thing I've seen all week on HN. Unfortunately, the "poor people are poor 'cos they're dumb!" sentiment is way too prevalent just about anywhere you go. I had the (unexpected and unintended) opportunity to live on the wrong side of the tracks, in an incredibly poor industrial neighbourhood - the reality is far more complex than "poor people have…
Here in the UK it is broadly true though. It's not necessarily an intelligence or "dumb" thing. It's just that the consumer culture is enticing - and no one has been taught how to control those impulses or to budget adequately.
A lot of the poorest families do budget and consume well due to necessity. The problem is those (I think the vast majority) of people living just above poverty who "splash the cash", spend money they don't have and end up in thousands of pounds of debt.
(and, yes, I've lived in that group for a fair while. Though fortunately my parents managed the money ok)