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Re:Online installment loans have taken the subprime market b... by merpnderp on Tuesday October 29, 2019 @03:57PM (#21391341)
No, we need to figure out ways to help people make better decisions, and giving poor people money doesn't seem to help. It's like the old saying that there's a difference between being broke and poor - broke is liquidity problem, poor is a state of mind.

"Our results also do not support the hypothesis that financial strain by itself wors- ens the quality of decision-making. Even though there are substantial differences in financial resources before and after payday for our samples of poor US households, we find no evidence that the quality of their decision-making, or being prone to heuristic judgments differs across the before-payday and after-payday groups."

https://www.aeaweb.org/articles?id=10.1257/aer.20140481

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