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I disagree with your conclusion in relation to the points you presented: > I think poor people are poor because they're trapped in low-wage jobs, and are often
by ZephyrBlu 5y ago
I disagree with your conclusion in relation to the points you presented:
> I think poor people are poor because they're trapped in low-wage jobs, and are often forced to use more expensive services, as well as being victims to centralization and ever-growing rents
That might be another issue, but in terms of what you have presented I think the issue is that knowing isn't enough, executing on the knowledge matters more. And most people can't execute, which is why people are still fat.
- TrackerFF 5y agoWouldn't that kind of be the case for poor people too? I mean, even if you transferred all the knowledge of personal finance to them in an instant - investing or putting aside $0 is still going to yield the same result: $0. For many, it is impossible to execute such things, because they simply do not have any money to spend - nor do they have the chance to make more money, because they're already trapped with multiple jobs, children, and what not.