"Why poor people tend to stay poor"
In America right? And the perpetually poor since many people start off
poor and move up (such as college graduates)?
If so, then there are a multitude of reasons.
Ignorance of money, credit, everyday banking, etc.
Reliance of government assistan
yeah, that's true. And the people who are doing it are in fact doing
emotional spending. And yes, even if it's understandable, it is
self-defeating, that's true. But they might not do that if they had extra
money the rest of the year, is what I am saying, I think. Of course some
people are just st
I think the best example in my mind is tax refunds. Lots of people with
tons of debt will get a tax refund and go buy a new big screen TV instead
of using it for debt or saving it.
-Cameron
On Mon, Mar 19, 2012 at 9:10 AM, Dana wrote:
> and some of it is -- I am trying to think of the word I
and some of it is -- I am trying to think of the word I heard applied to
the economy the other day. Pent-up demand? Big bills tend to get deferred
until they can't be, so the person who gets through a windfall of several
thousand in a few days isn't necessarily spending the money foolishly if
they
On Sun, Mar 18, 2012 at 10:34 PM, Judah McAuley wrote:
> The problem (and this is something I've suffered from) is that you
> only know how to deal with hand to mouth. There is no experience
> investing extra money because there has never been extra money. If you
> somehow happen to have a bit mo
Fascinating Judah.
Question, and please feel free to say "none of your effin'g businesss",
but: Why was your family poor growing up?
I ask because your message below seems to suggest a fear of the rich
screwing you over and making your poor again. Was that was happened to your
family?
On Sun, M
I know I found the idea insulting when someone was trying to get me to take
a class like that back in the day. My problem was that rent was 800 a
month, day care was 300 a week, my salary was 300 a week, and some judge
figured the kids' dad fair share of this was 300 a month, because that was
a do
Just curious: so do you have a 401k or mutual funds or CDs or just cash?
On Mar 18, 2012, at 7:34 PM, Judah McAuley wrote:
>
> If you don't think people on welfare know a thing or two about
> managing money then you are an idiot. Having spent time growing up on
> welfare, I can tell you that
*clapping*
-Original Message-
From: Judah McAuley [mailto:ju...@wiredotter.com]
Sent: Sunday, March 18, 2012 9:35 PM
To: cf-community
Subject: Re: Why poor people tend to stay poor
If you don't think people on welfare know a thing or two about managing
money then you are an
If you don't think people on welfare know a thing or two about
managing money then you are an idiot. Having spent time growing up on
welfare, I can tell you that people tend to know exactly where every
single penny is going. Because there are no extra pennies.
The problem (and this is something I
On 3/18/2012 6:03 PM, Maureen wrote:
>
> It's a bit of a leap of logic to take the actions of one poorly
> educated person and label an entire class of people as ignorant.
Financially ignorant.
> Although I will agree with that throwing money at it is not the
> solution. Education about how to
It's a bit of a leap of logic to take the actions of one poorly
educated person and label an entire class of people as ignorant.
Although I will agree with that throwing money at it is not the
solution. Education about how to manage money would be a much better
tactic.
On Sun, Mar 18, 2012 at 2:
AKA dependance on social welfare as a way of life.
http://tinyurl.com/7r48orh
"Amanda Clayton hit it big playing the Michigan Lottery. Like many
winners, she used her $1 million prize to buy a new house."
(reasonable)
"But the Lincoln Park, Michigan, resident continued to receive money in
an
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