Unsteady income in young adulthood linked to thinking problems in middle age

Post by anigbrowl » Fri, Oct 04, 2019, 8:01 PM UTC

allannienhuis wrote: post #83

Roark66 wrote: post #31

Earlier quoted context omitted.

>It took years to shed some of the residual behaviours, even after I started earning decent money. Despite having savings and reliable income I would still let bills run until they were overdue. You wouldn't believe how many "wealthy" people do the exact same thing including not paying their subcontractors etc. My dad used to do electric installations in new built homes. Usually the larger the house and the wealthier…

> In such situation paying 89 days late is perfectly reasonable. Nothing bad about it. huh? What about the contract you agreed to when you took on the service that says you'd pay within 30 days (or whatever). I really don't understand the logic that says as long as you're willing to accept the consequences, it's ok/moral. It's one thing to have extenuating circumstances that force someone to choose between two bad ch…

Post by yelloweyes » Fri, Oct 04, 2019, 8:08 PM UTC

Dirlewanger wrote: post #124

AlexTWithBeard wrote: post #89

Earlier quoted context omitted.

It's interesting how "poor people are often stupid" triggers an outrage, but "stupid people are often poor" is seen as a logical statement.

People don't want to face cold hard truths. IQ is not perfect by any means, but one of the best predictors of overall success in life. Yet when it's overlapped with socioeconomic standing, it suddenly becomes a racist measurement.

Post by stebann » Fri, Oct 04, 2019, 8:12 PM UTC

azeotropic wrote: post #27

Alternative (and to my mind more likely) hypothesis: poor brain health causes bad decision making and unstable income.

Post by seltzered_ » Fri, Oct 04, 2019, 8:17 PM UTC

throwaway_law wrote: post #20

vertis wrote: post #16

I went through a few years of unstable income in my early twenties (circa 2000), it wasn't altogether bad, just very very sporadic. When I think back on those years I had all kinds of bad behaviours that were not rational. For example, not paying bills because something more urgent might come up. Not looking at balances because it was easier to not know. I would go from feeling rich one month because a freelance clie…

And as a young person in your early 20's this is all bad enough, but I am going to read into it a little more and infer you were single. Now imagine if you had children to feed, the additional stress and additional expense probably would have broke you (financially, which happened anyway, and mentally). Not to mention knowing the effect of all this stress on your children and their developing minds. This study is an…

Post by amatecha » Fri, Oct 04, 2019, 8:20 PM UTC

ip26 wrote: post #127

Roark66 wrote: post #31

Earlier quoted context omitted.

>It took years to shed some of the residual behaviours, even after I started earning decent money. Despite having savings and reliable income I would still let bills run until they were overdue. You wouldn't believe how many "wealthy" people do the exact same thing including not paying their subcontractors etc. My dad used to do electric installations in new built homes. Usually the larger the house and the wealthier…

The key question is whether fees are levied. If you can drag your feet for 89 days and pay not one extra cent, then why wouldn't you?