> a culture or mindset that prioritizes short term benefit/feelings over long term benefits even when there are other options. For example, things like getting a dog, signing up for cable TV, getting an unnecessarily expensive new phone, spending money on going out to eat, etc.

While there are definitely elements of spending badly, this idea that they spend money on the “wrong” things gets dangerously close to dehumanizing the impoverished. Those people are still people, and they like to have the joys and feel included in society like everyone else. There’s a huge mental health aspect to that which can mean the difference between being motivated to change your situation vs just accepting it.

Having cable TV gives you access to unlimited entertainment. A smartphone gives you access to all known human knowledge, and is essentially required now to access benefits, banking, etc. Dogs are widely recognized as being one of the most beneficial things to help with general mood and mental health.

The decisions people are making are rational, their just not aimed at the goal you think they should be aiming for (getting out of poverty).