My theory is that many poor families have a lack of self-control/discipline and they pass these habits onto their kids. It's difficult to break out of a family culture when you get older. Especially if this is what you have known your entire life and you have pressure to stay that way.
Just like with money, it takes a ton of discipline to make continued long-term minded decisions rather than short-term emotional ones that make you feel good.
Of course, this doesn't apply to everyone. Humans are complicated.
Just like with money, it takes a ton of discipline to make continued long-term minded decisions rather than short-term emotional ones that make you feel good.
Of course, this doesn't apply to everyone. Humans are complicated.