The scarcity mindset is the belief that there will never be enough. The result of the scarcity mindset is that your actions and decisions are made from a place of want.
People in poverty are told theyre in poverty because they make poor decisions, when the actual fact is poor decisions are made because people in poverty live with a scarcity mindset.
Scarcity changes our choices, behaviors and feelings. What we would normally do if we had an abundance, we dont do when our resources are scarce. One study found that people living or put into a poverty situation, when tested, had an IQ drop of anywhere from 10-15 points. Once they were put in a position of abundance, their IQ points returned.
Stay connected to the stories and events that make your community a special place to call home.
Subscriptions start at $14.90/month.View subscription options
- Unmatched coverage of Allen County’s local news and sports, a tradition dating back to 1867
- Compelling portraits of our residents, experienced reporting and thoughtful analysis
- Unlimited online access to iolaregister.com and our archives