Understanding How People in Poverty Make Financial Decisions

Traditionally, it's been believed that limited resources lead individuals to prioritize short-term gains over long-term benefits. However, recent research challenges this notion. A 2023 study by the American Psychological Association suggests that those facing scarcity often make rational decisions, prioritizing immediate needs only when absolutely necessary.
In this Leaders in Housing Counseling webinar, we delve into the complexities of financial decision-making in poverty. Crystal C. Hall, Assistant Professor at the University of Washington's Evans School of Public Policy and Governance, will share insights from her research, which focuses on understanding decision-making processes among low-income families. Discover how these findings can reshape housing and financial counseling approaches.