> This reflects a false belief that people who live in poor neighborhoods are less compassionate. In fact research suggests that people living in poverty tend to be more compassionate towards each other than rich people are toward the impoverished. It's comforting for wealthier people to hold this belief, because it makes us feel less bad about our own lack of compassion. From what I recall, its less that the poor are more compassionate, instead they participate in _reciprocal altruism_ as a form of insurance against further loss. I remember this talk ▶ this video -- poor people make seemingly dumb decisions because if they don't help their social network when it comes knocking, they're in effect _cutting themselves off_ from said network. The middle class is more insulated from this effect because those with emergency savings don't often need to borrow $500 because of a broken car or need to house their recently homeless sister and children, so capital can accumulate more easily.
in “The business of check cashing” · View on HN