Being poor isn't a lack of intelligence, it's a lack of money. No doubt a few people will get conned out of their money, but for the majority it would be a net positive to have more money at their disposal.
The poor tend to be the stupid (plenty of studies to back this up), and hence the poverty. Since they are more stupid, they fall for stupid payday loan schemes, credit card idiocy, etc., at rates greater than the rich do.
Please do not reply if you read "tend to" as "always." I'm not going to bother responding.
I've actually helped people out on welfare. One family had a big screen TV, everyone (even the kids) had cellphones, and so on.
Some people are poor, but some are just dumb. I wish I could fix poor, but I can't fix stupid. And there is a lot of stupid around.
I know many people who make a few hundred thousand dollars (in Texas, not silicon valley or NYC), and they live paycheck to paycheck. That's stupid, not poor.
So when I see stats like that (thank you for the links), I always wonder what the real number is - how many are poor, and how many are just stupid.
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