“The lack of financial resources itself can lead to impaired cognitive function. The very condition of not having enough can actually be a cause of poverty.”
Poverty and all its related concerns require so much mental energy that the poor have less remaining brainpower to devote to other areas of life, according to research based at Princeton University. As a result, people of limited means are more likely to make mistakes and bad decisions that may be amplified by — and perpetuate — their financial woes. (more…)