Being desperate can short-circuit good decision-making

By

News

August 18, 2018 - 4:00 AM

Humanity House

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 they’re 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 don’t 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.

Related
July 7, 2020
March 19, 2020
March 6, 2020
March 3, 2020