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In my lived experience, the majority of poverty is the inability to delay gratification. Whether you want to attribute that to personal failings or to other thi
by gmadsen 1mo ago
In my lived experience, the majority of poverty is the inability to delay gratification. Whether you want to attribute that to personal failings or to other things is a separate question
- dgacmu 1mo agoMost likely you're seeing the causality in the wrong direction - poverty creates a strong incentive to go for immediate benefits rather than absorb the risk of one that is delayed.
- deleted 1mo ago[deleted]
- gmadsen 1mo agoThat is a fairly sterile reading of the situation. It’s hard to explain to those who haven’t been close to it. It’s like how defaulting to invest in a 401k creates massive improvements for savings for the population with a 401k There are those who will frivolously spend money that could pay an electricity bill, then end up without power.