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Re:Price shocks in formative years scar consumption for life by twblalock on Wednesday June 15, 2022 @02:38PM (#31757339)
One of the other aspects of being poor is the assumption that any windfall you get will be nickeled and dimed away from you pretty soon, so the only way you'll ever be able to enjoy it is to spend it all immediately.

That turns out to be the opposite of frugality.

Re:Price shocks in formative years scar consumption for life by nradov on Wednesday June 15, 2022 @02:46PM (#31757469)
Poor people who manage to accumulate some savings also face intense social pressure to give or "loan" that money to family and friends who are in more desperate circumstances (or at least claim to be). It's nice to help people out, but being too generous makes it impossible to ever get ahead.