On the other hand, it has been shown that financial education has very little effect on people living in poverty, but you know what has a big effect? Money, giving poor people money (not even large amounts) has the biggest and longest lasting effect on getting peoe out of poverty.
The notion that poverty is a character flaw and that poor people just need to be better with their money, is just propaganda so that it's more palable to cut welfare programs.
To see how ridiculous it is, you just have to think about the other ned of the spectrum, the most financially irresponsible people one can observe are typically some rich kids, does it have any influence on their financial/economic future?
The notion that poverty is a character flaw and that poor people just need to be better with their money, is just propaganda so that it's more palable to cut welfare programs.
To see how ridiculous it is, you just have to think about the other ned of the spectrum, the most financially irresponsible people one can observe are typically some rich kids, does it have any influence on their financial/economic future?