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Individuals in that situation usually are not.

• nostromo 11y ago
  While some poor people are bad with money, I'd be willing to bet the vast majority of them are capable of deciding between paying rent and buying a new TV.
  • over 11y ago
    Speaking from personal experience with a bunch of people that live way too close to zero or negative net worth, it's not buy a new TV or pay rent, it's buy a new TV or maintain a 6-12 month safety net in case everything goes to hell (which you might need, one day, to pay rent). But hey, that's what loans and credit cards are for, right?
    • thedevil 11y ago
      This exactly. It's not like they buy TVs instead of paying rent. Of course very few are that stupid. The problem is that they charge up their cards and blow their safety buffer on the TV/car/etc.