Why do poor people make bad decision with money?

[Anonymous]

[Anonymous]

Most poor people do not have a financially secure mindset. When all you've known is struggle your mind is typically in survival mode. It wasn't till I reached about a half million that my mindset started to change. I'm still not a millionaire. But at this point it's just a matter of TIME. But my mindset is completely different because I don't have to scratch for everything like I did when I was younger. Everything becomes about lateral thinking. I'm always trying to be better than I was the day before. Because I've been poor and I never want to go back to that. And if you're not growing, you're dying.

[Astarlessnightsky]

poor people don't have money for making bad decissions.

They are happy when they have a little bit money unspent when the next paycheck arrives.

[jennifer_bloom]

If somebody is poor, they make spontaneous choices out of desperation or a desire for the universe to fix things for them and if somebody is rich they might make bad decisions cause they can't spend all their money unless they buy things they don't need.

[Simslover92]

Because they never learned how to manage their money well due to being poor.

[Billlewis]

One of the worst things that poor people often do is buy lottery tickets, which is a horrible waste of money.

[Anonymous]

I think you have that backward. People who make bad decisions with money are poor as a result.

[Asker]

So poor people don't make bad decisions with money?

[Opinion Owner]

Sorry, I was being facetious. Yes, poor people do make bad decisions with money, but that is typically why they are poor in teh first place.

[Anonymous]

Because they see money rarely so get excited n take wrong decision