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Slate Articles ([info]slate) wrote,
@ 2015-06-10 20:51:00

Previous Entry  Add to memories!  Tell a Friend!  Next Entry
How the Poor Make Better Financial Decisions Than the Wealthy

http://www.slate.com/articles/business/moneybox/2015/06/are_the_poor_more_rational_spenders_than_the_wealthy.html

People often assume that the poor are less competent than the wealthy. Some even suggest that the poor have flawed values or ways of thinking. But my colleagues and I have recently found that the poor outperform the rich at some financial decisions. Under poverty, people develop a unique expertise.


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