How Poverty Taxes the Mind

Adam Rohn: It's expensive to be poor, that you literally have to spend more on daily necessities. But there are so many other ways in which having being so strapped for money can force you to make those choices. So folks aren't poor just because they make worse decisions. They make worse decisions because they're poor. And the clear policy implication is like if you raise people's standards of living, you'll see returns on what they do with their behavior.

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