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I think when it comes to poor people buying things for instant gratification it is a combination of "poor people don't have time for investments. They have to eat today" and mental health.
If you've been working hard all week, barely staying above water on your bills. And it comes down to your last $50 and you have to choose between using it all to pay your phone bill or coming up short to buy a Reeses cup in order to feel some joy today. Most people would buy the reeses cup and send a partial payment for the phone bill.
Is it the "smart" or "best" decision. Idk. It depends on how much the person really needed to feel that joy.
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