4 ms·

I know right. Why don't poor people just get more money?

• imtringued 10y ago
  The poor in developed countries are still far more wealthy than the average citizen in a country like india. What the poor here really need is financial security, not just some benefits that they lose immediately as soon as they earn too much. There are already some small scale programs that incentivise them to save by matching their savings with additional $0.50 for every dollar saved. In reality saving is the engine of the economy. Consumer debt only temporarily increases the GDP. Especially in the form of payday loans it is not only bad for the individual but terrible for the rest of the economy.
  • collyw 10y ago
    Depends on how you define poor. Poor in developed countries may have more material wealth. But if it comes to knowing where your next meal is coming from, then maybe they are about the same.
  • confluence 10y ago
    > What the poor here really need is financial security, not just some benefits that they lose immediately as soon as they earn too much. I know right. Why don't poor people just get more money?
  • deleted 10y ago
    [deleted]