[nine_k]

Poverty is not a mindset. But a particular mindset can lead one to poverty and keep them there.

Say, spending 3 hours to save $10 is usually a bad deal, that time can be invested much better. But if one keeps doing that, they end up in a situation where spending 3 hours for $10 is what they have to do, because they don't have a spare $10, and there are pressing needs.

It's a trap. But it ensnares you through a mindset, not through a want of $10 initially.

[ImPostingOnHN]

> if one keeps doing that, they end up in a situation where spending 3 hours for $10 is what they have to do, because they don't have a spare $10

To add to this: if one keeps doing that, or they're unlucky: Being born into the wrong family, or socioeconomic class. Being the victim of a crime. Having your transportation stolen or break down. Etc.

[theGnuMe]

If spending that time causes you to lose your job then yes. I can only see that for addicts really. I guess you could be addicted to that pursuit though in a negative way. I wonder how Richard Thaler would see it. In that sense it probably is the same reward pathway in the brain. Interesting possibly worth a phd.