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.
That turns out to be the opposite of frugality.