Why poor people make poor decisions
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Why poor people make poor decisions
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Re: Why poor people make poor decisions
#2And poor decisions make people poor.
Re: Why poor people make poor decisions
#3I've always thought it was unintended apathy. Making a (relatively) better choice will seemingly have no effect on lifting them out of poverty any time soon, so why bother? Do the thing that maximizes their pleasure, comfort, hope, etc. in the short term, because things are never going to change in the long term. This article seems to hint at this perspective when talking about not being able to take a break from poverty, but it never seems to make that leap.
Re: Why poor people make poor decisions
#4And poor decisions make people poor.
You might want to clarify to what degree you consider this to be a cause of poverty in general, or else the downvotes are just gonna keep coming.
Re: Why poor people make poor decisions
#5And poor decisions make people poor.
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Re: Why poor people make poor decisions
#6I've always thought it was unintended apathy. Making a (relatively) better choice will seemingly have no effect on lifting them out of poverty any time soon, so why bother? Do the thing that maximizes their pleasure, comfort, hope, etc. in the short term, because things are never going to change in the long term. This article seems to hint at this perspective when talking about not being able to take a break from pov…
This is something I observe in family members.
Re: Why poor people make poor decisions
#7I think this applies to companies as well. Continuous economical stress starts to take unproductive attention such as focusing on finance instruments (funding) instead of revenue.
Re: Why poor people make poor decisions
#8I've always thought it was unintended apathy. Making a (relatively) better choice will seemingly have no effect on lifting them out of poverty any time soon, so why bother? Do the thing that maximizes their pleasure, comfort, hope, etc. in the short term, because things are never going to change in the long term. This article seems to hint at this perspective when talking about not being able to take a break from pov…
Absolutely. To extend upon that, the reasoning behind the short-term gratification isn't simply the inability to see the benefits of longer-term investment. It's also the need for relief in the short term.
Negative impacts of that disposition can be compounding, and psychologically harmful without a break.
Re: Why poor people make poor decisions
#9I've always thought it was unintended apathy. Making a (relatively) better choice will seemingly have no effect on lifting them out of poverty any time soon, so why bother? Do the thing that maximizes their pleasure, comfort, hope, etc. in the short term, because things are never going to change in the long term. This article seems to hint at this perspective when talking about not being able to take a break from pov…
>No. Poverty is a lack of education and, more importantly, mentorship.
Yep, you nailed it. A friend of mine was ranting on how the poor people(in Europe) spend their money on iPhones, cigars, alcohol and cable TV instead of saving it. Lately, I realized that poor people spend their money on those things since it's their way of short term escapism from feeling poor and if they were to save it, the amount would be too small to suddenly lift them out of poverty so they don't even bother.
However, if poor people were clever, or had good mentorship, they would save that money and spend it on some courses in tech like sys-admin or getting certified as a professional plumber for example and get a better paying job, leading to a path out of poverty.
Unfortunately, most popele don't have the will or the guidance to figure this out by themselves.
Edit: Sorry, replied to the wrong parent
Re: Why poor people make poor decisions
#10And poor decisions make people poor.
Those poor decisions however need not be theirs.