Source: Maggie Fox / NBC News
Being poor affects your ability to think, a new study shows. Those coping with severe financial stress don’t have the mental bandwidth to deal with all of life’s troubles, a team of researchers reported Thursday.
They’ve done a series of tests that show when people are flush with cash, they can stop worrying and make better decisions. But having financial woes takes up so much attention, they often make poor decisions.
“When you are very, very focused on what you don’t have enough of, you do all you can do to get more of it, at the expense of other stuff,” says Eldar Shafir of Princeton University, who worked on the study published in the journal Science.
When people don’t have enough money they’re so focused on ways to get more that they don’t make good choices, a new study has found.
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