It seems that being poor is not fun for most - TopicsExpress



          

It seems that being poor is not fun for most people... Conventional economic thinking assumes the poor will want to earn their way out of poverty. But as studies from countries as different as Ethiopia and France show, poverty makes people feel powerless and blunts their aspirations, so they may not even try to improve their lot. When they do, they face obstacles everywhere. They have no margin for error, making them risk averse. If they do not know where their next meal is coming from, saving and investing for the future is hard.
Posted on: Mon, 29 Dec 2014 11:27:48 +0000

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