The Scarcity Effect: How Growing Up With Less Shapes Financial and Life Decisions

How does childhood scarcity impact decision-making in adulthood? This question has been at the center of research in psychology, behavioral economics, and sociology. When individuals grow up in an environment where basic needs, food, shelter, financial security, are uncertain, it shapes their cognitive processes, financial habits, and long-term planning abilities. This phenomenon, known as the... Continue Reading →

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