Thursday, 13 April 2017

Trust in local community leads to better long-term decisions among the poor

(Princeton University, Woodrow Wilson School of Public and International Affairs) Research led by Princeton University finds that low-income individuals who trust their communities make better long-term financial decisions. This is likely because citizens rely on friends and neighbors for financial support rather than quick fixes like payday loans, which further indebt them.

from EurekAlert! - Social and Behavioral Science http://ift.tt/2nJMyF3

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