"Having too little" is a phrase that is attributed to the poverty stricken people in a society. The Poor hardly have the resources to meet even their most basic needs such as food and clothing. Research shows that the poor form the largest part of the world's population. Many articles have been written by different authors in an attempt to try explain the existence of this state. According to the information that I obtained from my research, many authors have pointed out that how people organize the few resources they have is what will classify them to the social class that they belong to the society, either poor or rich. The poor are found to lead a lifestyle that reinforces the poverty conditions in their daily activities. In our discussion, we shall concentrate mostly on the ideas of Anuj K. Shah in his article, "Some Consequences Of Having Little." Anuj in his work tries to find out the cause of poverty in the society through making an in depth analysis of how the poor spend the few sources they manage to acquire. From his work, one can conclude that poverty exists in the society because of excessive borrowing and less saving. This keeps on encouraging the poverty conditions that exist among the diverse societies across the globe(Shah, 2012).
Summary.
In this article, the author tries to explain how the poor individuals engage in excessive borrowing behaviors, which are the reason behind their high levels of poverty. The author argues that these behaviors also emanate from the personality trait of the poor individuals while others are attributed to the environmental factors, including financial access or housing. The authors emphasize on the behavior of having less. The authors came to a conclusion that scarcity makes individuals to spend so much time on some problems at the expense of others. These attention shifts are the reason behind excessive borrowing.
Low-income individuals in a society are found to spend much than they earn.