#financial-scarcity

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Psychology
fromSilicon Canals
1 week ago

The most expensive thing about growing up poor isn't what you couldn't afford. It's the decision-making architecture it installs, where every choice runs through a scarcity filter that adds cost to options other people experience as free. - Silicon Canals

Financial scarcity significantly impacts cognitive performance, altering decision-making processes and creating a lasting influence on individuals' choices beyond material deprivation.
Mental health
fromSilicon Canals
2 weeks ago

I grew up lower middle class and the thing nobody understands is that we didn't budget because we were disciplined. We budgeted because we'd already done the math on what happens when the car breaks down in the same month the insurance is due, and that math never leaves your body even after the numbers change. - Silicon Canals

Financial scarcity rewires the body and mind, creating lasting effects on budgeting and spending behaviors rooted in stress and dread.
Mindfulness
fromPsychology Today
3 weeks ago

How Money Impacts Your Attention and Pleasurable Thinking

Financial scarcity reduces pleasurable thinking despite common beliefs that it increases escapist mental activity.
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