What are the consequences of a lack of money? How does an insufficiency of financial resources affect other areas of one’s life? A scarcity of financial resources has overarching consequences for our whole lives. In their book Scarcity, behavioral science researchers Sendhil Mullainathan and Eldar Shafir highlight five areas most affected by financial scarcity: health, parenting, memory, work productivity, and sleep. Here’s a look at the effects of financial scarcity, according to Mullainathan and Shafir.
Financial Scarcity Affects These 5 Areas of Your Life










