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On the other hand consider those depicted as the "poor" stereotype: Many young people in Asian cities will have low incomes and little to no savings, however ma
by djhn 11y ago
On the other hand consider those depicted as the "poor" stereotype: Many young people in Asian cities will have low incomes and little to no savings, however many/most will have security and ability to self-sustain: a rural family/clan home, subsistence farming options, livestock.
Compare that to urban low-income families in middle-to-highly developed countries. No roof or food unless you pay for it, paycheck-to-paycheck. Few opportunities to accumulate wealth. No clan/community to help out.
While the first will do an order of magnitude worse on income studies, I'm not sure the latter are overall in a better position, economically.