The Psychology of Poverty
December 21, 2011
Nearly one in two Americans is poor or low-income, a record number according to the latest census numbers. With unemployment high and social services eroding with budgetary constraints, how can people living in poverty be helped? Social scientists are just beginning to unravel the complicated psychological picture of poverty and are learning that it takes an enormous toll on the mind. Princeton professor ELDAR SHAFIR studies the psychology of poverty. He says that poverty compromises an individual‚Äôs judgment, decision-making, even their IQ when stressed.¬† Shafir is our guest this hour and talks to Marty about the conspiring factors that make escape from poverty so difficult.